Functions
Objectives
COMPTROLLER AND AUDITOR GENERAL OF INDIA
Appointment and Term
Independence
The Constitution has made the following provisions to safeguard and ensure the independence of CAG:
Duties and Powers
The duties and functions of the CAG as laid down by the Parliament and the Constitution are:
Role
CAG and Corporations
The role of CAG in the auditing of public corporations is limited. Broadly speaking, his relationship with the public corporations falls into the following three categories:
≫ Some corporations are audited totally and directly by the CAG, for example, Damodar Valley Corporation, Oil and Natural Gas Commission, Air India, Indian Airlines Corporation, and others.
≫ Some other corporations are audited by private professional auditors who are appointed by the Central Government in consultation with the CAG. If necessary, the CAG can conduct supplementary audit. The examples are, Central Warehousing Corporation, Industrial Finance Corporation, and others.
≫ Some other corporations are totally subjected to private audit. In other words, their audit is done exclusively by private professional auditors and the CAG does not come into the picture at all. They submit their annual reports and accounts directly to the Parliament. Examples of such corporations are Life Insurance Corporation of India, Reserve Bank of India, State Bank of India, Food Corporation of India, and others.
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1. Who is the Comptroller and Auditor General of India? |
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3. How is the Comptroller and Auditor General of India appointed? |
4. What powers does the Comptroller and Auditor General of India have? |
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