Bounded accuracy helps prevent impossible tasks
Bounded accuracy is a design philosophy implemented to avoid some perceived problems from earlier editions. The name is a bit unfortunate as 'accuracy' mainly associates it with To Hit and Armor Class bonuses, perhaps bounded bonuses would be a more accurate term when speaking of this design principle in a more general sense.
In combat, bounded accuracy helps prevent one-sided fights with lower CR monsters. Keeping AC and to a lesser degree To Hit bonuses bounded means it is not always impossible for low CR monsters to avoid a higher level player's attacks nor is it impossible for the monsters to hit the players in return. This allows for more nuance in combat encounters because DMs can create easy encounters that still have some stakes to soak up resources and low CR monsters can now be used in greater numbers to actually make an encounter more difficult.
Out of combat, bounded accuracy / bonuses is designed to generally keep skill bonuses justaround bounded enough to allow DMs to create skill DCs that still have a chance of failure for players withand to a highslightly lesser extend skill bonus while not making thembonuses. This bounding helps prevent skill checks becoming impossible for players with a lower skill bonus. This avoids players being sidelined and unable to contribute to an encounter because they don't happen to have the right skill proficiencies. The skill bonuses being bounded means the skill DCs can be bounded.
Both of these effects also lead to less pressure on player character to 'keep pace' as they level. For example, players don't have to worry about not being able to hit enemies later on if they don't invest in scaling their To Hit bonuses.
Because theseBreaking AC or DC bounds are applied so universallywill have the largest consequences. Applying larger than usual numbers to them will start to reintroduce the entire systemproblems bounded accuracy was designed the avoid, breaking ittask can have big consequencesstart becoming impossible unless to hit/skill bonuses were heavily invested in. Every monster's To Hit bonusIt is tuned tolikely the problem will be even more noticeable when reintroduced like this, because bounded player ACaccuracy works best when applied universally. SimilarlyPlayers do not have many ways to substantially buff their bonuses, there are exceptions like the bounds on skillexpertise feature but the point of bounded accuracy is that these high bonuses heavily influenceshould not be necessary to play the bounds on skill check DCsgame and engage with encounters in a meaningful way. The bounds reduce the numerical distance between being bad or good at something, soYour party should not be required to have a rogue with expertise in survival to even have a chance navigating dangerous areas succesfully.
Like mentioned already, there are features in the game that can be argued break bounded system an increaseaccuracy from the other end by only a small number can greatly increase your odds of succeedingintroducing large bonuses. BreakingBut as long as these bounds refers to introducing large numbers that the system isbonuses are not designed around. Breaking a single bound for a single player at your own table mightrequirement to meaningfully play the game, they do not be a bigreintroduce the main problem, but publishing content for others bounded accuracy aims to use that breaks a bound means that your contentavoid (which again, is less compatibleimpossible tasks). This does not mean high bonuses are necessarily balanced, flooding the game with allthem will obviously make tasks meaningless and might even encourage breaking bounded accuracy on the other content, publishedend by increasing ACs and third partyDCs across the board.