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The audit mandate of CAG extends to bodies or authorities such as statutory corporations, government companies, autonomous bodies constituted as societies, trusts or not for profit companies, urban and rural local bodies and also to any other body or authority whose audit may be entrusted to CAG under law.
The Comptroller and Auditor General of India (ISO: Bhārata kē Niyaṁtraka ēvaṁ Mahālēkhāparīkṣaka) is the supreme audit institution of India, established under Article 148 of the Constitution of India.
CAG’s Regulations on Audit and Accounts, 2007 recognised compliance audit as distinct stream of audit and these guidelines lay down the principles, approach and processes for regulating compliance audits within the Department.
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Comptroller and Auditor General of India is the apex authority responsible for external and internal audits of the expenses of the National and state governments. It is popularly known as the CAG of India. In this article, we will discuss in brief about the office of the CAG and its functions. It is an important topic for General Studies Syllabus.
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- Former Governor of Union Territory of Jammu & Kashmir, G. C. Murmu is the current Comptroller and Auditor General (CAG) of India. He assumed office...
- Shri V.Narahari Rao was the first Comptroller and Auditor General of India.
- Article 151 says that the reports of the Comptroller and Auditor-General of India relating to the accounts of the Union shall be submitted to the p...
- The CAG is an authority established by the constitution of India and is independent from the government’s influence. It has been formed to keep a c...
- In India, CAG does not audit the Reserve Bank of India (RBI).CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA but...
Mar 22, 2024 · The Comptroller and Auditor General (CAG) is an independent authority established by the Constitution of India to audit the receipts and expenditures of the Central Government, State Governments, and other bodies that receive funding from the Government.
Mar 5, 2019 · CAG audits the accounts related to all expenditure from the Consolidated Fund of India, Consolidated Fund of each state and UT’s having a legislative assembly. He audits all expenditure from the Contingency Fund of India and the Public Account of India as well as the Contingency Fund and Public Account of each state.
The Comptroller and Auditor General (CAG) is an authority instituted by the Constitution of India /Part V - Chapter V/Sub-part 7B/Article 148. The prime responsibility of CAG is to audit...
