What is the CAG report?

What is the CAG report?

The General Purpose Financial Report presents an overall picture of the financial performance of the Central Public Sector Enterprises (CPSEs) which are under the audit jurisdiction of the Comptroller and Auditor General of India (CAG).

Which reports are submitted by CAG?

The CAG submits three audit reports to the President:

• Audit Report on Appropriation Accounts.
• Audit Report on Finance Accounts.
• Audit Report on Public Undertakings.

What is CAG report in Kerala?

It provides an insight into trends in committed expenditure, borrowing pattern and quality of expenditure, besides giving comparison on State’s expenditure with other General Category States.

Who checks CAG report?

Notes: It is the Public Accounts Committee which examines the annual audit reports of the Comptroller and Auditor General of India (CAG), which are laid before the Parliament by the President.

Can CAG audit RBI?

“In India, CAG does not audit the RBI, whose auditors are appointed by Central Government under the provisions of the RBI Act. CAG conducts audit of other financial sector regulators like SEBI, IRDA and PFRDA but does not conduct performance audits,” Mr. Sharma added.

What is the role of CAG?

The Constitution of India provides for an independent office of the Comptroller and Auditor General of India (CAG). He is the head of the Indian audit and accounts department. He is the guardian of the public purse and controls the financial system of the country both at the central level and state level.

Who can remove CAG?

the President
The Comptroller Auditor General of India can be removed by the President only in accordance with the procedure mentioned in the Constitution. Thus, he does not hold his office till the pleasure of the President, though he is appointed by him.

Is LIC audited by CAG?

For example, the Life Insurance Corporation of India (LIC) is not audited by CAG, since the LIC Act does not contain an enabling provision for CAG’s audit.

Can CAG audit Defence?

(i) The Director General of Audit, Defence Services is the principal audit officer for the Ministry of Defence and is responsible for rendering reports to the Comptroller and Auditor General of India, of serious nature vide Paragraph 1:16:6 of CAG’s M.S.O.

Who is the CAG of India in 2021?

Girish Chandra Murmu
Girish Chandra Murmu is the 14th CAG of India.