About Comptroller and Auditor General of India (CAG)
The Comptroller and Auditor General of India (CAG) audits India's central and state government finances. It was established under Article 148 of the Indian Constitution. The CAG is appointed by the President of India and can be removed with a two-thirds majority in Parliament.
The CAG aims to ensure the efficient use of public funds. Its duties include financial, compliance, and performance audits.
- Financial audits verify lawful use of public funds.
- Compliance audits ensure government departments follow procedures and rules.
- Performance audits evaluate the efficiency of government operations.
The CAG has several advantages:
- Independence: The CAG operates independently.
- Mandate: The CAG can audit any government authority.
- Effective Reports: The CAG's reports often lead to corrective actions.
- Financial Integrity: The CAG helps maintain financial integrity.
The Comptroller and Auditor General of India (CAG) plays an essential role in government. It helps ensure financial integrity, produces impactful reports, and can audit any entity handling public funds.