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Pecuniary liability attaches?
automatically to certifying officers when there is fiscal irregularity
Is advances from officers a current or long term liabilities?
Advances from officers is a current liability as it is assumed to be return within one fiscal year.
What is the abbreviation of PO related to bank?
Probationary officers
Why would corporate financial officers be concerned about their stock values?
Corporate officers are concerned with stock values because a portion of their pay is connected with the company's stock performance. The better it does, the more money they will receive.
What is the preferable presentation of accounts receivable from officers on a balance sheet?
As an offset to the capital
Who has pecuniary liability for erroneous payments?
Certifying Officers have pecuniary liability for erroneous payments.Certifying Officers
What is true about a Departmental Accountable Official?
They have automatic pecuniary liability for erroneous payments.
Who has pecuniary responsibility for erroneous payments?
Disbursing Officers, Certifying Officers, or Accountable Officials all have pecuniary responsibility for erroneous payments.
Pecuniary liability is the personal liability of?
Certifying Officers
Pecuniary liability is the personal liability for whom?
Certifying Officers
What does federal laws say about certifying officers?
DOD must use them, and they have limited liability.
An automatic presumption of pecuniary liability applies to?
Certifying Officers and Dispursing Officers
What is a certifying officers' maximum level of pecuniary liability with reguards to erroneous payments?
A certifying officer's maximum level of pecuniary liability with regards to erroneous payments is typically limited to the amount of the payment that was made in error. This means that the certifying officer may be held financially responsible for the incorrect payment, up to the total amount of the payment itself. However, the specific limits of liability can vary depending on the governing regulations and policies in place. It is important for certifying officers to exercise due diligence and ensure accuracy in certifying payments to avoid potential liability.
Pecuniary liability attaches?
automatically to certifying officers when there is fiscal irregularity
What is the best way for certifying officers to prevent pecuniary liability?
By only certifying documents that are legal, proper, and correct.
What is a certifying officer's maximum level of pecuniary liability with regard to erroneous payments?
A certifying officer's maximum level of pecuniary liability with regard to erroneous payments is typically capped at the amount equivalent to the payment made in error. However, this may vary depending on specific agency regulations or legal provisions. It is crucial for certifying officers to exercise due diligence in their duties to prevent and rectify errors promptly.
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.
