The civil penalty for Accountable Officials is how much in addition to the erroneous payment?

Prepare for the FOB105 Financial Management Body of Knowledge Test. Utilize flashcards and multiple-choice questions with hints and explanations. Get exam-ready now!

The civil penalty for Accountable Officials is set at double the erroneous payment. This is designed as a deterrent to discourage individuals in positions of responsibility from engaging in negligent behavior that could lead to improper payments. The penalty underscores the seriousness of the accountability expected from officials managing public funds. In cases of erroneous payments, such enforcement not only seeks to recover the inappropriate funds but also imposes significant additional liability to emphasize the importance of vigilance and proper oversight.

This statutory measure aligns with broader efforts to ensure strict financial management and accountability within organizations handling funds, particularly in the public sector. By imposing such a penalty, the policy aims to protect the integrity of financial operations and maintain public trust.

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