If financial liability is assessed, to whom must the results be forwarded?

Prepare for the AR 735-5 Property Accountability Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test!

The results of financial liability assessments must be forwarded to the financing and accounting office (FAO). This is because the FAO is responsible for the overall financial management, reporting, and accountability of Army property. They ensure that all assessments are correctly documented and that the financial implications of these assessments are addressed properly in the accounting system.

The involvement of the FAO is crucial, as they will handle the financial records and may initiate the necessary actions to recover the loss or address the liability according to the established regulations. The FAO's role ensures an organized process and accountability for financial liabilities, reinforcing the framework of property management within the Army.

This makes it clear that while other entities such as the responsible individual or the approving authority have roles in the overall process, the financial data and records inherently pertain to the FAO, thus making them the proper recipient of the assessment results.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy