The comptroller and auditor general of india is appointed by

The correct answer is single-member body. Key Points. Additional Information.

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. It is included in the Constitutional Bodies: Statutory, regulatory, and various quasi-judicial bodies in General Studies Paper 2. Download The E-Book Now!

The comptroller and auditor general of india is appointed by

The Comptroller and Auditor General of India play a crucial role in ensuring the proper management of public funds. It is responsible for auditing the finances of the government. It examines the accounts and financial transactions of various government departments. The CAG conducts audits and evaluations. It helps identify any discrepancies or irregularities in the use of public money. The CAG safeguards the interests of the citizens. It promotes transparency and accountability in the governance system. It is an independent body that audits the accounts of the Government and its agencies. The Comptroller and Auditor General of India ensures accountability through audit reports. It controls the issue of money from the consolidated fund of India and is responsible for its auditing. It controls the entire financial system of the centre and state. Here are some key points about the powers of the CAG:. The chairperson of the Audit Board is one of the Deputies. Testbook always provides you with updated and accurate study material to ace your preparation. You can stay one step ahead of others with our daily quizzes, mock tests, question banks and updated current affairs.

It is an important topic for General Studies Syllabus. The former Lt.

They are empowered to audit all receipts and expenditure of the Government of India and the State Governments , including those of autonomous bodies and corporations substantially financed by the government. The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the government has an equity share of at least 51 percent or subsidiary companies of existing government companies. The CAG is also the statutory auditor of the Lokpal. The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service , and has 43, employees across the country as on In , CAG was relieved from accounting functions. The former Lt. Murmu is the current CAG of India.

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. It is included in the Constitutional Bodies: Statutory, regulatory, and various quasi-judicial bodies in General Studies Paper 2. Download The E-Book Now! Part V of the Indian Constitution describes the role and responsibilities of this office in Chapter V. The Comptroller and Auditor General is one of the few offices directly appointed by the President of India. Article of the Constitution of India establishes the authority of this office.

The comptroller and auditor general of india is appointed by

They are empowered to audit all receipts and expenditure of the Government of India and the State Governments , including those of autonomous bodies and corporations substantially financed by the government. The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the government has an equity share of at least 51 percent or subsidiary companies of existing government companies. The CAG is also the statutory auditor of the Lokpal. The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service , and has 43, employees across the country as on In , CAG was relieved from accounting functions.

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Suggested Test Series. Comptroller and auditor general of India. No matter what the format, the objective, that loss of money has to be prevented remains the same. Trusted by 5. Get subscription. IAS aspirants should know about government bodies engaged in regulatory and audit activities due to their importance in the governance of the country. Narahari Rao. Archived from the original on 3 January Provided that neither the salary of an Auditor-General nor his rights in respect of leave of absence, pension or age of retirement shall be varied to his disadvantage after his appointment. The CAG has been a regular member of the United Nations ' Panel of External Auditors, and has previously served as the chairman of its board of auditors, after being elected in Main article: 2G Spectrum case. Attorney General of India [Article 76]. It is the prime task of the CAG to audit all expenditure incurred from the revenue of the union and the states.

Call us The Constitution has made the following provisions to safeguard and ensure the independence of CAG:. Search Here.

The President of India can remove him if misbehaviour or incapacity is proven against him in both the houses of parliament. What is the importance of the Comptroller and Auditor General? The Times of India. Table of Content. Access free live classes and tests on the app. GS 2 Structure, Strategy and Syllabus. Money Control. CAG is the principal auditor whose function is to go into the economy, effectiveness and efficiency of the use of resources by the government. Who invented the first home electric refrigerator or fridge? Financial account audit report.