Day 2: Management of Learnings

This refers to funds under the possession, custody, or control of a public officer by virtue of his official position or designation

• Permanent Funds

• Public Funds

• General Funds

It arises as a consequence of an illegal or improper act; or the non-performance of what one is mandated to do.

• Liability

• Accountability

• Responsibility

In requesting Relief from Accountability, immediately notify the auditor within ____ days of the occurrence of loss

All of the following are supporting documents in requesting Relief from Accountability except.

• Actual date when the absence was first noted and date when the loss was reported to the auditor and police authorities

• Joint affidavit of 2 interested persons cognizant of the facts and circumstances about the loss

• Final police report showing the steps taken by the police authorities to recover the property lost.

Every officer accountable for the government property shall be liable for all losses. He shall ensure that:

I. The necessary books of records are maintained and updated quarterly and/or semi-annually.

II. The required financial and other reports and statements are submitted in such form and within the period prescribed by the COA.

III. Appropriate actions are taken on the deficiencies noted as contained in COA's AOMs.

• Only statement I is correct

• Statements II and III are correct

• All statements are correct

Expenditure of government funds or uses of government property in violation of law or regulations shall be a public liability of the employee found the be directly responsible.

• TRUE

• FALSE

The minimum and maximum Cash accountability of an Accountable Officer is.

• 5,000 - 100,000,000

• 50,000 - 100,000,000

• 500,000 - 100,000,000

COA circular 2012-003 dated October 29, 2012, states the updated guidelines for the prevention and disallowance of IUEEU.

IUEEU stands for.

ALL undisbursed funds as of the end of the year shall be immediately refunded until the last banking day to the collecting officer

• TRUE

• FALSE

Deadline for the submission of liquidation report and supporting documents for local travels must be within __ calendar days upon submission