What is the CAG report?

CAG Union Audit Reports The Union Audit Reports of the Comptroller andAuditor General of India, contain the findings of transaction auditand performance audit in the areas i.e. Civil Audit, Audit ofAutonomous Bodies, Defence Services, Railways, Receipts of theGovernment and Central Commercial.

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Considering this, what is the full form of CAG?

CAG stands for Comptroller and Auditor General ofIndia. It is an authority which is established under Article 148 ofthe constitution of India. Its primary role is to audit all theexpenditure of central government, state government andorganizations which are financed by the government.

who scrutinizes the report of CAG? Which parliamentary committee scrutinizes thereport of Comptroller and Auditor General (C & AG) ofIndia? Comptroller & Auditor General of India is a guardian ofthe Union Government. The post of C & AG has been created bythe Constitution and appointed by the President as per Article 148(1).

Regarding this, what is CAG and its function?

CAG – Appointment & Term, Powers andFunctions. The main function of CAG isto audit accounts of govt and to comment on wastefulness orextravagance of expenditure and technicality or legally receipts ofrevenue. Appointment and Oath. The CAG is appointed bythe President under his hand and seal.

How is CAG removed?

CAG can be removed by the President onlyin accordance with the procedure mentioned in the Constitution thatis the manner same as removal of a Supreme Court Judge. Heis ineligible to hold any office, either under the Government ofIndia or of any state, once he retires/ resigns as aCAG.

Related Question Answers

How do I get a job at CAG?

You can qualify for CAG through the examinationconducted by SSC and UPSC. If you qualify through SSC( StaffSelection Commission), you would be joining as an Auditor. Later,Auditor gets promoted to Senior Auditor after three years. After 2years of Job, you get permanent.

Who is first CAG of India?

V. Narahari Rao was an Indian civil servant whoserved the Indian Audit and Accounts service in thepost-independence India. He served as the first CAGfrom 1948 to 1954. The Government of India awarded him thethird highest civilian honour of the Padma Bhushan, in 1954, forhis contributions to civil service.

What is the difference between CAG and CGA?

While CAG is a constitutional body, CGA isnot. While President lays down general principles of governmentaccounting relating to union/state governments and form of accountson the advice of CAG {article 150}, CGA does themaintenance works of them.

What is Exchequer India?

Exchequer is defined as a royal or nationaltreasury or is defined as the account into which tax funds andother public funds are deposited. He/she has a duty to uphold theConstitution of India and laws of the Parliament tosafeguard the interests of the publicexchequer.

When was CAG established?

Based on Articles 148 and 149, in 1971 the centralgovernment enacted the Comptroller and Auditor General (Duties,Powers, and Conditions of Service) Act, 1971. The act madeCAG responsible for both accounting and auditing duties forcentral and state governments.

What is the CAG in the Navy?

Comptroller and Auditor General. Commander, Air Group,the informal name for the senior US Navy officer of acarrier air wing. Combat Applications Group, an abbreviation of theofficial name of Delta Force, a United States Army SpecialOperations Command military unit.

What is SSC CAG?

SSC Assistant Audit Officer CAG Post comesunder Indian Audit & Account Department (IA&AD) which is acentral government job under Comptroller and Auditor General(CAG) of India.

What do you mean by cost audit?

Cost Audit represents the verification ofcost accounts and check on the adherence to costaccounting plan. Cost Audit ascertain the accuracy ofcost accounting records to ensure that they are inconformity with Cost Accounting principles, plans,procedures and objective.

Why is CAG important?

The CAG of India plays a unique role in Indiandemocracy, by upholding the constitution and laws in the field offinancial administration. CAG of India has the power toaudit and report on all expenditure from the consolidated fund,contingency fund and public accounts of the Union and StateLegislature.

WHO removes CAG?

Article 148: There shall be a CAG of India who would beappointed by President and who can be removed from office ina manner and on grounds like Judge of a Supreme Court. Thirdschedule has the oath of affirmation for CAG. Salary andother conditions of work to be defined by a Law enacted by theParliament.

How does CAG work?

The CAG is the institution through which theaccountability of the government and other public authorities— all those who spend public funds — to Parliament andState Legislatures and through them to the people isensured.

Why is comptroller pronounced controller?

Comptroller The frustrating answer has to do with a late15^th century spelling reform. The spellingcomptroller was established as a variant ofcontroller because of an erroneous association with theFrench term compte, 'calculation' and its late Latin sourcecomputus.

Is CAG an independent body?

The CAG is an authority established by theconstitution of India and is independent from govt'sinfluence. The CAG is appointed by the President and canonly be removed from office in like manner and on like grounds as ajudge of the Supreme Court.

Can CAG attend Parliament?

Only parliamentarians and guests invited to housecan address the parliament. If your question iswhether CAG has any voice in parliament then Yes.CAG reports to parliament through the government. Allcommittees are part of parliament therefore statements andreports are documents of the same.

Can CAG audit local bodies?

Yes. CAG can audit Panchayat Raj Institutions asthey are principally funded by grants from the StateGovernments for which CAG is the sole auditor.In such cases, the Local Fund Audit Department of thestate conducts the audit of the PRIs and ULBs and CAGdoes a test check.

Can CAG audit private companies?

Art.149 says CAG can audit accounts of union andstates and of any other authority or body as prescribed under theany law made by parliament. But parliament has made no such law toaudit private telecom companies by CAG. So onthat logic, every company, every tax payer will fallunder CAG audit.

What is a CAG in the military?

The 1st Special Forces Operational Detachment-Delta(SFOD-D), commonly referred to as Delta Force, Combat ApplicationsGroup (CAG), "The Unit", Army Compartmented Element(ACE), or within JSOC as Task Force Green, is an elite specialmission unit of the United States Army, under operationalcontrol of the Joint Special

Which of the following committees is associated with the working of CAG?

The administrative expenses of the office of CAGare charged upon the Consolidated Fund of India. The CAGsubmits its reports to various committees of Parliament andstate legislatures, such as the Public Accounts Committeeand the Committee on Public Undertakings.

What is the salary of CAG of India?

Yearly salary of the CAG The yearly salary that the IndianComptroller And Auditor General receives is Rs. 300,000. Thepay scale of the CAG and the judges of Supreme Courtare same.