COMPTROLLER AND AUDITOR GENERAL (CAG) PART -2 CAG Comptroller and Auditor General of India
ARTICLES RELATED TO CAG .148-COMPTROLLER AND AUDITOR GENERAL OF INDIA. .149-DUTIES AND POWERS OF CAG 150-FORM OF THE ACCOUNTS OF UNION AND STATE. 151-AUDIT REPORTS
DUTIES AND POWERS Article 149 authorizes parliament to prescribe duties and powers of CAG Parliament enacted the CAG's( Duties, Power , Condition of service)act,1971. Act was amended in 1976 to separate accounts for audit in the Central government Audits the accounts related to all expenditure form 1.Consolidated fund of India 2.Consolidated fund of each state. 3.Consolidated fund of each union territory having a egislative assembly
OHe audits all expenditure forms 1.Contingency fund of India 2.Public account of India and states Any department of the central govt. and state govt. Audits the receipts and expenditure of th centre and the state OAudits the accounts of any other authority when requestec by the President or Governor For ex: audit of local bodies. Advises the President with regard to prescription of the form in which accounts of the Centre and State shall be kept(article 150) He submits his audit reports relating to accounts of the centre to President, who shall in turn ,place them before houses of the parliament(article151)
OHe submits his audit reports relating to the accounts of a state to a governor ,who shall in turn,place them before the state legislature(article 151) oHe ascertains and certifies the net proceeds of any tax or duty(article-279) His certification is final -the net proceeds means the proceed of a tax or a duty minus the cost of collection. He acts as a guide , friend Oln 1976,he was relieved of his responsibilities with regard to the compilation and maintenance of accounts of the central govt. due to separation of accounts from audit , this is departmentalization of accounts.
IMPORTANT POINTS CAG submit three audit report to the President 1.Audit report on appropriation of accounts 2.Audit report on finance accounts 3.Audit report on public undertakings OPresident lay these reports before the both the houses of the parliament. After this -public accounts committee examine CAG is an agent of the parliament and conducts audit of expenditure on behalf of the parliament. Therefore, he is only responsible to the parliament. OCAG has no control over the issue of money from consolidated fund of India and many departments are authorized to draw money by issuing cheques without specify authority from CAG which is only concerned at the audit stage when expenditure has already takenprace
CAG AND CORPORATIONS 1.Some audited totally and directly by CAGG 2.Some audited by private professionals auditors (appointed by CG in consultation with the CAG CAG can conduct supplementary audit 3.Some :totally subject to private audit (no role of CAG) Role of CAG in govt. corporation is also limited :by private auditors(appointed by govt.)+ CAG can supplementary audit. In 1968 audit board was established including 2 members and chairman appointed by CAG RECOMMENDATION BY ARC
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