Accountant responsibility is the responsibility an accountant has to provide accurate financial statements to the users of this information. These users include internal managers, creditors, lenders, investors, and taxing authorities. To fulfill this responsibility, the accountant must operate a reasonably detailed system of data collection, while also recording information in accordance with the applicable accounting framework. Further, the financial statements and accompanying disclosures must consistently apply the accounting standards over time and make use of reasonable estimates in the derivation of certain account balances. Finally, the accountant should use the accrual basis of accounting to ensure that the matching principle is upheld, where revenues and related expenses are recognized within the same reporting period.