CAG Full Form: What does (Comptroller and Auditor General of India) Mean and does 4 people
CAG Full Form is Comptroller and Auditor General of India. The Comptroller and Auditor General of India (CAG) is the supreme auditor of the Government of India. It has constitutional status as a part of the Parliament of India. Its jurisdiction extends to Union (Central) Government, State Governments, Union Territories, and Local Governments. The CAG is appointed by the President of India under Articles 148 to 151 of the Constitution (as amended by 73rd Amendment).
The CAG is not an officer on a whole-time basis and holds any other office either under Union or State Governments or any local authority or holds any remunerative employment for profit. The person is not eligible for appointment as the CAG if they have held any office under Central or State Government.
What CAG is and its role || full form of cag || cag full form
The Comptroller and Auditor General of India reports are prepared on behalf of the Parliament of India and the public so that every citizen can know how the government spends money. The role of CAG is the same as that of a Supreme Court judge in India. CAG says its role is to ‘give an account of the state of public accounts,’ which implies that it is accountable for the whole public expenditure process and makes recommendations for improving the situation.
How does the Comptroller and Auditor General of India work?
It starts by examining the accounts submitted by the government to Parliament and other Indian bodies and checking if the expenses are correct. It further informs the Finance Ministry and the Prime Minister’s office.
The head of (Audit and Accounts Department) || cag full form in government || cag full form
The Head of the Department (HOD) is the Secretary of India’s Audit and Accounts Department. He has the same powers as a judge of the Supreme Court of India. CAG Chairman The chairman of the CAG is a senior officer. He is appointed by the President of India from among the non-IAS officers holding the rank of Secretary to Government of India or Director General, Audit and Accounts. He is nominated by the President at his discretion and is supported by the CAG Council. The annual report of the CAG was expected to be released on the last working day of May, every year, but since 2016-17 it was being released on June 1. It was released on the morning of June 2 in 2018. CAG Annual Report of the previous years The CAG Annual Report of previous years can be checked here.
Who can become a member of CAG? || cag ka full form || cag full form
There are five members of CAG, but there can be only three of them from the same political party, but there can be a person of any political party as a member of CAG. In terms of eligibility for becoming a member of CAG, the candidate must have worked for 20 years at the level of Joint Secretary. Before the person can apply for the post, they should have an MSc in Financial Management degree. The person also needs to have sound knowledge of the Indian Accounting Standards. There is a mandatory age limit of 62 years. The candidate must also have a Master’s degree in Commerce/M.Com. (with first-class). There is also the possibility of becoming a part of CAG as a chairman, and the person can be eligible to become a part of CAG after an interview and scrutiny.
How many members are there in the CAG? || cag full form in Hindi || cag full form
There are four members in the CAG. These are
- Comptroller and Auditor General of India
- Additional Secretary, Department of Personnel & Training
- Chief Vigilance Commissioner
- Additional Secretary, Department of Economic Affairs
Who is the Comptroller and Auditor General of India?
The President of India directly appoints CAG for a period of 5 years. It is the principal official who is responsible for a financial audit of government departments and organizations. It was set up on April 30, 1972, establishing the Ministry of Corporate Affairs.
What is the annual budget of CAG?
The budget for the audit has been fixed at Rs 500 crore. The CAG is an autonomous body that is registered under the Companies Act of 1956.
Conclusion || cag full form
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