What is the Meaning & Definition of accountability of accounts

Presentation of the economic and financial state of a company, a public entity or person

Accountability is an action that is carried out in the fields of Economics and finance, public or private, and which consists in the presentation of a report which gives an account of the financial or economic movements made by a company, an individual, or a public entity for a period of time.

An obligation that all must be respected especially State agencies

Accountability is an obligation that all agencies, individuals and companies must be respected because through it it is possible to detect if it is that there has been some kind of maneuver non sancta in numbers and finance.
Balance sheets, reports on the financial statements are ways of accountability.
Now, when it's an organism public, is administered by the State, the commitment to keep accounts clear and in order required even more because the State works with money from citizens who are taxed by tax, therefore, in these cases the accountability are mandatory and should always be rendered in time and form.

Duty of every State sector responsible for accountability on the received money

Governments, through budgets handled money as already mentioned becomes largely the contribution of citizens through taxation. Meanwhile, each year sums of money are allocated to the various ministerial portfolios and areas of the State. It is duty of every State sector responsible for accountability within a year and specify which tasks or actions were carried out with received money.

A way of discovering diversions of funds, corruption

Accountability is a way to know whether there had been improper diversion of funds and if the money was used in the priorities that the area had, for example. That is why it is so important.
We can move it to a company. Who handles the money should be an accountability to the owner or members of the company so that they can know for sure that was done with the money from the company, if it was well used, if there are some missing, among other issues that can be known with certainty through accountability.