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CO & DAO
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Is Liability lifted if official repays Government Pecuniary Liability of Key Personnel?
Liability may not necessarily be lifted simply because an official repays a government pecuniary liability. While repayment can demonstrate accountability and may influence the perception of culpability, it does not automatically absolve the individual of legal or financial responsibility. Legal consequences often depend on the specific terms of the liability, the governing laws, and any relevant agreements. Therefore, consulting legal counsel is advisable for clarity on the implications of repayment in such situations.
What clears a certifying officer of pecuniary liability?
The recipient of the erroneous payment repays it to the Government.
What does the government pay when it borrows money?
It repays the borrowed amount plus an agreed upon rate of interest.
Which of the following is true about Authorizing Official (AO) and Reviewing Official (RO) pecuniary liability?
AOs always bear pecuniary liability for the entire contents of the travel document
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 definition of pecuniary liability?
The definition of "pecuniary liability" is the responsibility to repay the Government for fiscal irregularities.
How do you get non owner liability insurance in Massachusetts?
go to government
What has the author Francis J Leazes written?
Francis J. Leazes has written: 'Accountability and the business state' -- subject(s): Government Corporations, Government liability, Tort liability of corporations
What has the author Arvo Van Alstyne written?
Arvo Van Alstyne has written: 'California inverse condemnation law' -- subject(s): Inverse condemnation 'Arvo Van Alstyne on government tort liability' -- subject(s): Government liability 'Governmental tort actions workbook' -- subject(s): Government liability
Is true about authorizing official and reviewing official pecuniary liability.?
The authorizing official is responsible for approving actions that may lead to financial liability, ensuring compliance with policies and regulations. The reviewing official, on the other hand, assesses and verifies the appropriateness of the authorizing official's decisions, focusing on risk management and accountability. Both roles are crucial in maintaining financial integrity and oversight within an organization. Together, they help mitigate pecuniary liability by ensuring that decisions are made with due diligence and proper justification.
What statement is true about a departmental accountable official?
They have automatic pecuniary liability for erroneous payments.
Ich of the following is NOT a means of clearing a Departmental Accountable Official's pecuniary liability?
The options for clearing a Departmental Accountable Official's pecuniary liability typically include restitution, administrative remedies, and waivers. However, a means such as simply ignoring the liability or failing to address it would NOT be considered a legitimate method for clearing such liability. It's essential for officials to follow proper procedures to resolve any financial accountability.
