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What must DoD Component Heads do according to DoD FMR 7000.14R?

  1. Develop financial training programs

  2. Appoint Certifying Officers, Departmental Accountable Officials, and Review Officials

  3. Conduct annual financial audits

  4. Compile and submit budget proposals

The correct answer is: Appoint Certifying Officers, Departmental Accountable Officials, and Review Officials

The correct answer highlights the responsibility of DoD Component Heads to appoint Certifying Officers, Departmental Accountable Officials, and Review Officials. This is crucial because these positions play a vital role in ensuring compliance and accountability within the financial management framework of the Department of Defense. The appointment of Certifying Officers, who are responsible for certifying funds are legally available and correctly allocated, along with other officials, helps to maintain a strong internal control system that can mitigate the risks of financial mismanagement and ensure proper stewardship of government resources. While the other options may represent important activities within the financial management framework, they do not specifically align with the mandates outlined in DoD FMR 7000.14R regarding the responsibilities of Component Heads. Developing financial training programs, conducting annual financial audits, and compiling budget proposals are all significant functions, but the core directive regarding appointing key financial accountability personnel is critical to operational integrity within the DoD.