Relief is available for the loss or miscertification of funds.

Relief is available for the loss or miscertification of funds.

• A. True
• B. False
• C. Only for miscertification
• D. Only for loss

Answer: (A)

Relief from accountability exists for both loss and miscertification of funds, recognizing that errors or losses can occur even with proper controls. It applies when the official acted in good faith, followed applicable procedures, and there was no fault, negligence, or willful misconduct. The process typically requires prompt reporting, investigation, and corrective actions to prevent recurrence. Because relief covers both scenarios, the statement is true—relief isn’t limited to one only, and the other options misstate the scope.

Relief from accountability exists for both loss and miscertification of funds, recognizing that errors or losses can occur even with proper controls. It applies when the official acted in good faith, followed applicable procedures, and there was no fault, negligence, or willful misconduct. The process typically requires prompt reporting, investigation, and corrective actions to prevent recurrence. Because relief covers both scenarios, the statement is true—relief isn’t limited to one only, and the other options misstate the scope.