What is the main consequence of failing to follow property accountability procedures?

The main consequence of failing to follow property accountability procedures is the potential for financial liability or penalties. When property accountability procedures are not adhered to, organizations may face significant risks, including the loss or mismanagement of assets. This can lead to financial repercussions, such as the requirement to reimburse the costs of lost or damaged items, which can severely strain budgets and resources.

Moreover, failure to maintain accountability can also result in disciplinary actions, loss of trust from superiors, and potential legal penalties depending on the severity of the lapse. Organizations rely on strict property accountability to track assets accurately, ensure proper stewardship, and maintain operational effectiveness. The integrity of these procedures is vital to safeguarding financial and physical resources, hence the focus on the serious consequences of non-compliance.