How audit of government department are being conducted?

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How audit of government department are being conducted?

Auit and Accounts Department conducts the audit of government department. External auditor appointed by the employer shall conduct the audit here. Government audit always a type of continuous audit because of the involvement of huge expenditure and large number of transactions.

How is the Comptroller and Auditor General appointed?

There shall be a Comptroller and Auditor-General of India who shall be appointed by the President by warrant under his hand and seal and shall only be removed from office in like manner and on like grounds as a Judge of the Supreme Court.

What is supplementary audit by CAG?

When cag received audit report of government company from ca , either he can comment on point in audit report or he can suppliment it with new points and if he is not happy with only these things he can appoint any one as sutiable to conduct exclusive audit as per his requirement which is called supplementary audit ( …

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Who is the Comptroller and Auditor General of India (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 entire financial system of the country at both the levels- the centre and state.

How should the CAG be appointed?

The current practice adopted for the appointment of the CAG is that the Cabinet Secretary prepares a shortlist for the finance minister who then submits it before the prime minister. The prime minister recommends one name from that list to the president.

Should CAG be selected by the Prime Minister of India?

The CAG is an auditor to the government of India, which is headed by the prime minister. If the head of the auditee is to select an individual for auditing his organisation, there is a danger of some ‘pliable’ person becoming the CAG and it may dilute the accountability process.

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What is the full form of CAG?

CAG means normally Comptroller & Auditor General of India. It is a constitutional post & tenure is fixed at six years or the person so appointed attains the age of 65 years.The CAG of India is appointed by the President of India under his warrant and seal.He is responsible for (i) Compiling accounts of the Union Govt.,…