What are Departmental Accountable Officials pecuniary liability responsibilities?

Departmental Accountable Officials (DAOs) are responsible for ensuring the proper management and safeguarding of public resources within their departments. Their pecuniary liability responsibilities include maintaining accurate financial records, overseeing the use of funds, and ensuring compliance with applicable laws and regulations. If there are losses or mismanagement of funds due to negligence or failure to perform their duties, DAOs may be held financially liable for those losses. Ultimately, they play a critical role in promoting accountability and transparency in public financial management.