The full form of CAG means “Controller and Auditor General of India.” Established by article 148 of the Constitution of India, CAG is a power that reviews the receipts and consumptions of the Indian government and the state government, including organizations, specialists, and bodies that are significantly funded by the public authority, likewise going about as an outside evaluator to government-possessed organizations and valuable reviewer of government organizations and significant subsidiaries of the public authority organizations.
What are the Duties and Powers?
The CAG has wide-going obligations and abilities from gathering accounts, examining, and identifying frauds. Here are the significant obligations and powers.
Integrate Accounts of Union and States
The CAG is expected to aggregate the Union and State legislatures’ records from the underlying and auxiliary records. The underlying records are kept with depositories, workplaces, or divisions of focal and state legislatures, which are outfitted to the Comptroller and Auditor General of India for aggregation.
Prepare and Submit Accounts
In the wake of incorporation, the CAG gets ready and presents the records to the President, Governors of States, and Administrators of Union Territories having Legislative Assemblies, specifying the receipts and use of the state and association government bodies
He is compelled by a sense of honor to review the records outfitted to it by the public authority, government bodies, and organizations to find out that the receipts and consumptions referenced in the record are consistent with their tendency. He reviews whether the uses referenced in the records have been dispensed for the relevant reason and cause.
Audit of Bodies or Authorities
The CAG reviews receipts and consumption of bodies or specialists significantly funded by Union or State incomes. These bodies and specialists get loans and awards from the State and Union asset and must be inspected to guarantee the right utilization of the assets allowed.
Auditing powers of the CAG
The Comptroller and Auditor General of India have the power to 1) examine any office of records constrained by the Union or State government, including depositories and workplaces liable for the keeping of starting or auxiliary records, 2) call for accounts, books, paper, and reports concerning the review to be outfitted at his named spot of examination, 3) question individuals responsible for setting up the underlying records, or request more data to play out the review.
Auditing the Government Companies
The CAG ought to play out the review of government organizations as per the arrangements of the Companies Act, 1956.
Furnish Reports to Concerned Governments
The CAG ought to outfit the review and provides details regarding state and association funds and government organizations to the concerned government (state or association) to be postponed in the parliament and separate legislative assemblies.
Audit of Accounts of Certain Authorities or Bodies
The CAG is expected to review specific specialists and bodies which have not been shared with it whenever mentioned by the President of India, association or state government, or other authoritative bodies.
Power to make Rules and Regulations
The Union Government, after discussion with the CAG, can make rules for the upkeep of records by government bodies and specialists to be trailed by their depositories and bookkeeping divisions for suitable outfitting of their records for ordering and inspecting by the CAG.