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Comptroller and Auditor General

This article is about the post of Comptroller and Auditor General of India. His post and responsibility.

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202 views3 pages

Comptroller and Auditor General

This article is about the post of Comptroller and Auditor General of India. His post and responsibility.

Uploaded by

arnab_bhattacharj_26
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Comptroller and Auditor General is an authority,

established by Constitution of India who audits all receipts


and expenditure done by union and state governments.
Prime minister recommends Comptroller and Auditor
General of India to president and then following his
recommendation, president proceed with appointment.
The current Comptroller and Auditor General (CAG) of
India is Shashi Kant Sharma, who was appointed by The
President of India Union, Pranab Mukherjee on 23 May
2013. He is the 12th CAG of India.
The CAG is mentioned in the Constitution of India under
Article 148 151. The CAG is ranked 9th and enjoys the
same status as a judge of Supreme Court of India in Indian
order of precedence.
The Comptroller and Auditor General (CAG) of India is
appointed for a maximum term of six years or till he attends
the age of 65 years, whichever is earlier.
Former CAG, Vinod Rai has been appointed as external
auditor of three major UN organizations: the Vienna-based
International Atomic Energy Agency (IAEA), the Geneva-
based World Intellectual Property Organisation (WIPO)
and World Food Organisation(WFO).
Vinod Rai has been elected the Chairman of the United
Nations panel of external auditors.
CAG audit reports on 2G spectrum and coal block
allocations during Rais tenure triggered a number of
controversies and raised the hackles of the government,
besides bringing in the concept of presumptive loss in audit.
The Constitution of India provides for an independent office
to the CAG of India. He or she is the head of Indian Audit
and Accounts Department. She or he has a duty to uphold
the Constitution of India and laws of the Parliament to
safeguard the interests of the public exchequer.
Audit of government accounts (including the accounts of
the state governments) in India is entrusted to the CAG of
India who is empowered to audit all expenditure from the
Consolidated Funds of the union or state governments,
whether incurred within India or outside, all revenue into
the Consolidated Funds and all transactions relating to the
Public Accounts and the Contingency Funds of the Union
and the states. Specifically, audits include:
Transactions relating to debt, deposits, remittances,
Trading, and manufacturing
Profit and loss accounts and balance sheets kept under the
order of the President or Governors
Receipts and stock accounts. CAG also audits the books of
accounts of the government companies as per companies
act.
The Indian Audit and Accounts Service aids the CAG in the
discharge of his/her functions. The CAG shall only be
removed from office in like manner and on the like grounds
as a judge of the Supreme Court.

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