Although the concept of accountability itself is not new and in the literature,
it appeared about 40 years ago, business has started to realize its importance
only recently. Accountability can be understood differently in English or nonEnglish languages. The examples of the most innovative companies demonstrate
the culture with the characteristics of accountable organizations. Their
innovation is in their culture and employees. Accountability as the important
element of intellectual capital has the linkage to the innovation. Time will
show if market and business are interested in the evaluation of accountability
and its presentation in financial statements. The aim of the paper is to present
the importance of accountability for innovation development as mediated
by organizational culture and intellectual capital. It presents the theoretical
concept of accountability as success factor of the innovation.