CMCS Exercise 1-C

Refers to the answerability of every public officer, whose duties permit or require the possession or custody and safekeeping of government funds or property.

• Liability

• Accountability

• Notify the COA

The highest official in any government agency who is immediately and primarily responsible for all government funds and property pertaining to the agency.

• Head of Agency

• Accountable Officer

• Accountability

Refers to the state of being answerable for the discharge of duty.

• Responsibility

• Government Funds

• Liability

Include public moneys of every sort and other resources pertaining to any agency of the government.

• Responsibility

• Government Funds

• Liability

Are officers whose duties permit or require the possession/custody of government funds or property, and its safekeeping.

• Notify the COA

• Government Funds

• Accountable Officers

Is comprehensive and embraces all obligations which a person is bound to discharge or meet either in law or equity.

• Money value and for all losses

• Liability

• Accountable Officers