If I understand it, you—or whoever it was at the time—are the person who has to worry about it and you have to be concerned about spending oversight.
It's your job to make sure they've actually fulfilled those obligations: The spending is justified, the risks are understood, the department has done its homework and taxpayers aren't getting taken for a ride.
Is there something we can do to ensure someone is held accountable for not actually fulfilling those things if we're not even checking?