cag - 10 things to know with detail
- 1. CAG stands for Comptroller and Auditor General, which is an independent body responsible for auditing the accounts of the government of India and state governments.
- 2. The CAG is appointed by the President of India and is responsible for ensuring the accountability and transparency of public finances.
- 3. The CAG audits the accounts of all government departments and agencies, as well as public sector undertakings and other bodies receiving government funds.
- 4. The CAG's reports are submitted to the Parliament and state legislatures, where they are examined by the Public Accounts Committees (PAC) for scrutiny and recommendations.
- 5. The CAG plays a crucial role in ensuring that public funds are spent efficiently and effectively, and that government programs and schemes are implemented as per the prescribed rules and regulations.
- 6. The CAG also conducts performance audits to evaluate the effectiveness of government programs and policies, and to identify areas for improvement.
- 7. The CAG is empowered to investigate cases of financial irregularities, corruption, and mismanagement in government departments and agencies.
- 8. The CAG's reports are often critical of the government's financial management and spending, and can lead to policy changes and reforms.
- 9. The CAG is considered to be one of the most important constitutional bodies in India, and its reports are highly respected and influential.
- 10. The CAG's role is essential in promoting good governance, transparency, and accountability in the management of public finances in India.