General Financial Duties of Public Officers

Officers with monetary or financial responsibilities must, where applicable, maintain prescribed accounting systems; supervise and promptly collect revenue; correctly account for receipts and disbursements; safeguard money and valuable documents; supervise subordinate financial officers; maintain controls against fraud, embezzlement and carelessness; prevent unauthorized payments; check cash and stamps; account for excesses and deal with deficiencies; prepare required financial statements; keep books current; observe maximum cash limits; report collection defects; produce financial records and assets when required; and reply fully to formal queries from the Accountant-General and Auditor-General within twenty-one days. Defaulting officers are liable to disciplinary action.

Reference: Federal Government Financial Regulations, FR 123