CFI 100: Certifying Officer and Accountable Official Course Questions and Answers | Latest Update | 2024/2025 | 100% Verified
0 view 0 purchase
Course
CFI 100: Certifying Officer and Accountable
Institution
CFI 100: Certifying Officer And Accountable
CFI 100: Certifying Officer and
Accountable Official Course Questions
and Answers | Latest Update | 2024/2025
| 100% Verified
What is the role of a Certifying Officer?
A Certifying Officer is responsible for verifying the legality, accuracy, and propriety of
payment requests and ensuri...
CFI 100: Certifying Officer and
Accountable Official Course Questions
and Answers | Latest Update | 2024/2025
| 100% Verified
What is the role of a Certifying Officer?
✔✔ A Certifying Officer is responsible for verifying the legality, accuracy, and propriety of
payment requests and ensuring that funds are properly spent.
What is an Accountable Official?
✔✔ An Accountable Official is responsible for the proper use of government funds and ensuring
that documentation supports financial transactions.
What does ‘certification’ mean in the context of government payments?
✔✔ Certification is the process by which a Certifying Officer verifies that a payment is valid and
complies with laws, regulations, and proper accounting procedures.
What are the consequences of an improper certification?
✔✔ An improper certification can result in personal financial liability for the Certifying Officer,
as well as disciplinary action.
1
, What is the significance of the Anti-Deficiency Act?
✔✔ The Anti-Deficiency Act prohibits federal employees from obligating or expending
government funds in excess of the amount available in appropriations.
What does ‘fiscal responsibility’ mean for a Certifying Officer?
✔✔ Fiscal responsibility means ensuring that funds are spent according to the law, regulations,
and authorized purposes, and that proper controls are in place to prevent waste or fraud.
What is meant by ‘legal, proper, and correct’ in certifying a payment?
✔✔ Legal means the payment complies with laws and regulations, proper means it is for an
authorized purpose, and correct means the amounts and supporting documentation are accurate.
What role does documentation play in certifying payments?
✔✔ Documentation provides proof that the goods or services were received, the payment is
authorized, and the transaction complies with applicable regulations.
What does ‘pecuniary liability’ mean for a Certifying Officer?
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.73. You're not tied to anything after your purchase.
