What is a Certifying Officer's maximum level of pecuniary liability concerning erroneous payments?

A Certifying Officer's maximum level of pecuniary liability concerning erroneous payments is the full dollar value of the erroneous payment. This means that if a Certifying Officer certifies a payment that is later found to be erroneous, their liability can extend to the whole amount of that payment without any deductions. This principle is in place to ensure accountability and adherence to proper financial procedures within the organization, emphasizing the importance of accuracy in the certification process.

This provision acts as a deterrent against careless processing of payments and reinforces the responsibility of Certifying Officers to thoroughly review and verify the accuracy of financial transactions before approving them. The full liability aims to promote diligence and thoroughness in financial oversight. The other options represent partial or inaccurately defined liabilities that do not align with the established regulations regarding a Certifying Officer's responsibilities.