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What is a means of clearing a Departmental Accountable Official's pecuniary liability?
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What is true about departmental acountable officials with regards to pecuniary liability?
They bear no presumption of negligence and are only liable for the dollar value of the erroneous payment that is attributable to their actions.
Are accountable officials are pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?
Yes
What does Pecuniary liability mean?
It is the personal financial responsibility of accounting officials who approve expenses, making them responsible for verifying the accuracy of their account payments.If you are an official, it means that you have financial responsibility for erroneous payments made as a result of your signature.As an accountable official, you are presumed to be negligent when a fiscal irregularity occurs
Liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?
Pecuniary
Pecuniary liability attaches?
automatically to certifying officers when there is fiscal irregularity
The following statements is TRUE about Departmental Accountable Officials with regards to pecuniary liability?
They Provide information to certifying officers
What statement is true about a departmental accountable official?
They have automatic pecuniary liability for erroneous payments.
Is NOT a means of clearing a Departmental Accountable Official's pecuniary liability?
NOT is not a means of clearing a Departmental Accountable Official's pecuniary liability. The accountable official remains responsible for any financial discrepancies or liabilities even if the NOT is processed. NOT is a Notice of Transfer indicating a change in funds, but it does not absolve the official from financial responsibility.
What is the purpose of pecuniary liability?
To provide an incentive to guard against errors and theft by others. To protect the government against errors and dishonesty by Departmental Accountable Officials and Certifying Officers.
What is true about a Departmental Accountable Official?
They have automatic pecuniary liability for erroneous payments.
What does federal law say about departmental accountable odfficials?
DoD may use them; if they are used, they only have limited pecuniary liability.
NOT a means of clearing a Certifying Officer's pecuniary liability?
Transfering to another department is not a means of clearing departmental accountable officers for official pecuniary liability.
What is true about departmental accountable officials with regard to pecuniary liability?
They bear no presumption of negligence and are only liable for the dollar value of the erroneous payment that is attributable to their actions.
What does federal law say about departmental accountable official?
DoD may use them; if they are used, they only have limited pecuniary liability.
What is true about departmental acountable officials with regards to pecuniary liability?
They bear no presumption of negligence and are only liable for the dollar value of the erroneous payment that is attributable to their actions.
Who has pecuniary responsibility for erroneous payments?
Disbursing Officers, Certifying Officers, or Accountable Officials all have pecuniary responsibility for erroneous payments.
Are accountable officials pecuniary liable for illegal improper or incorrect payments as a result of negligent performance of accountable official duties?
Yes
