What can result from failing to maintain property accountability?

Failing to maintain property accountability can lead to significant legal and financial liabilities for both individuals and units involved. This is because accountability ensures that all property is correctly documented and tracked, which is crucial not only for operational effectiveness but also for compliance with regulations and standards. When property cannot be accounted for or is mismanaged, it may result in loss or theft of government property, which could incur penalties, fines, or even criminal charges against those responsible. Additionally, the organization may face budgetary impacts if it needs to replace lost or mismanaged assets, further straining resources and operational capabilities. Thus, maintaining accountability is essential to mitigate these risks and ensure responsible stewardship of resources.