I think what most designers mean when they say accuracy is that the wave form doesn’t change from input to output.
This is electronical accuracy...
This is not acoustic and psych-acoustic "accuracy" which is a word anyway not used in acoustic to describe the naturalness of a timbre tonal playing chord (colors) in some room, at some location, with some violon or with some other violin with this player or this other one... There is not so much accuracy as such here, but the TRANSLATION of this recorded acoustic event which imply a gear designed "accuracy" to convey the acoustic information and a room mechanically controlled "accuracy" or the most optimal objective acoustic room dispostion for this optimal experience of perception ...