CAG Full Form

by Yogi P - October 7, 2023

Full form of CAG

The Comptroller and Auditor General of India (CAG) is an independent authority that audits the financial accounts of the central government, state governments, and government organizations in India. The CAG is responsible for ensuring that public funds are used in a fair and efficient manner.

Key points about CAG

The CAG is appointed by the President of India on the recommendation of the Prime Minister.
The CAG is ranked ninth in the Indian order of precedence, and has the same status as a judge of the Supreme Court of India.
The CAG’s powers and responsibilities are defined in the Constitution of India and the Companies Act, 1956.
The CAG has the power to audit all government expenditure, and to issue audit reports to the President and Governors of states.
The CAG also has the power to appoint and reappoint auditors of government companies, and to direct the inspection of their accounts.

The CAG plays a vital role in ensuring accountability and transparency in the use of public funds. The CAG’s audit reports often identify instances of irregularities and fraud. The CAG’s reports have helped to bring many corrupt officials to justice, and to improve the efficiency and effectiveness of government programs.

Here are some of the key tasks of the CAG:

Audit the expenditure accounts of the Indian Consolidated Fund and the Consolidated Fund of each state and union territory.
Audit the accounts relating to contingency fund spending and the public account of India and every state.
Audit the revenue and payments of federal or state taxes funded by government organizations and companies.
Send the state accounts audit report to the Governor and the central accounts audit report to the President.
Audit the balance sheets, trade, production and profits and losses, or any other account of any central or state government department.

The CAG is one of the most important institutions in India’s democracy. It plays a vital role in ensuring that public funds are used in a fair and efficient manner, and that the government is accountable to the people.