What are the duties of the Comptroller and Auditor General of India or CAG 1 Auditing...........

Indian Polity Constitutional Bodies

What are the duties of the Comptroller and Auditor General of India or CAG?

1. Auditing and reporting on all expenditures form the Consolidated Fund of India and the Contingency Fund of India and of each state to determine whether the expenditure has been as per law

2. Auditing and reporting on all trading, manufacturing, profit and loss account etc. . kept by any department of Union or a State

3. Placing its report in the parliament which is examined by the parliament which is examined by the public Account Committee of Parliament

Select the correct answer using the codes given below:

1and 3 only

1 and 2 only

2 and 3 only

All of the above

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Explanation:

All of the above is correct.
The role and duties of the Comptroller and Auditor General are elaborated by an act of the Parliament passed in 1971. An amendment of this act in 1976 has relieved him from preparing the accounts of the government.
• The Comptroller and Auditor General audit the account of the union government and report to the President. The annual report relating to the accounts of the Central Government is submitted to the President. The President laid the report before both the Houses of the Parliament for consideration.
• It is the duty of the CAG to ensure that proper approval of the Parliament has been taken prior to spending the public money from the Consolidated Fund of India. He reports on all expenditures from the Consolidated Fund as well as from the Contingency Fund.
• He also audits and reports on the trade and manufacture by government departments. Accounts of Public Corporations are also audited by him.
• He submits 3 audit reports to the President: audit report on appropriation accounts, audit report on finance accounts and audit report on public undertakings.