Accountability is crucial. My children must be accountable to me even if they have been living with me for 15 years. If I receive money from the government, I must be accountable for it to the government. If I am running a business, I must be accountable to my shareholders.
As a member of the board of directors, I must be accountable to my people. I must also be accountable to the federal government.
Usually, if we want more authority and control, more accountability and more reporting is expected of us. If we want just and fair control and flexible measures, we ask for a flexible solution. If we reach an agreement that covers several years, our accountability should also cover those years. This seems quite logical.
There could also be interim reports as well as a final report after the three- or four-year period. This already applies to requests for funds.