Who is the Head of Indian Audit and Accounts?

The Comptroller and Auditor General (CAG) of India.

The CAG is known as the guardian of the ___ and plays a key role in ensuring ___ in financial management.

Public purse; transparency and accountability

True or False: The CAG is a member of Parliament in India.

False. 

The CAG is not a member of Parliament, unlike in Britain.

What are the three main types of audits conducted by the CAG?

Compliance Audit, Financial Audit, and Performance Audit

Who appoints the CAG of India, and under what authority?

The President of India appoints the CAG under his warrant and seal.

What is the maximum tenure of the CAG’s office?

6 years or until the age of 65, whichever comes earlier.

True or False: The CAG has authority to control the issuance of money from the Consolidated Fund of India.

False. 

The CAG lacks control over the issuance of money from the Consolidated Fund.

What is the CAG’s role in supporting the Public Accounts Committee (PAC)?

The CAG submits audit reports to the PAC, prepares lists of urgent matters, acts as an interpreter between officials and politicians, and monitors whether corrective actions are implemented.

Fill in the blank: The CAG’s duties are defined by laws enacted by ___ and include auditing the accounts of the ___ Fund.

Parliament; Consolidated

What is a major concern with the CAG’s use of redactive pricing in audits, such as in the Rafale deal?

Redactive pricing limits access to complete information, reducing transparency and accountability in audits.

True or False: The CAG has the authority to audit Public-Private Partnership (PPP) investments.

False. The CAG lacks authority to audit PPP investments.

What change did the 1976 amendment to the CAG Act introduce regarding accounts and audits?

It segregated accounts from audits in the Central Government.