How do expectations change around accountability for missed commitments as you grow from mid-level to senior PM?

I’m trying to better understand how accountability evolves across PM levels when things don’t go as planned. At a mid-level, it seems common to deal with delivery-related issues like timelines slipping due to dependencies, estimation gaps, or execution challenges and then owning the communication, mitigation plan, and recovery. As you move into a Senior/Principal PM role, how does this change? Are the expectations less about delivery m