Which accounts are audited by CAG?
Scope of audits Transactions relating to debt, deposits, remittances, Trading, and manufacturing. Profit and loss accounts and balance sheets kept under the order of the President or Governors. Receipts and stock accounts. CAG also audits the books of accounts of the government companies as per Companies Act.
Who audits defense services?
Indian Defence Accounts Service (IDAS) (Hindi: भारतीय रक्षा लेखा सेवा) is a Central Group ‘A’ Civil Service of the Republic of India established to provide Financial Advice, Accounts and Audit services to the Defence Services and allied organisations viz.
What is Defence audit?
The mandate given to the Department is broadly audit, financial advice, payment and accounting of all charges pertaining to Armed Forces, including bills for supply and services rendered and for constructions and repair works, pay and allowances, pension etc. …
What is the mandate of the Comptroller and Auditor General (CAG)?
The mandate of the Comptroller and Auditor General with regard to audit of Union and States, Government companies and corporations, bodies and authorities is derived from the Constitution and the Comptroller and Auditor General’s (DPC) Act, 1971.
Who is the present CAG of India?
CAG of India Shri S. Subramaniam Balaji Vrs. the Government of Tamil Nadu and others. Introductory Duties and responsibilities of the CAG in relation to accounts. Duties in relation to Audit
Can RBI be audited by the CAG?
The CAG is formed to Audit the income and Expenditure of Central and State Govts,They have no authority to Audit other institutions . As far as RBI is concerned as per RBI Act 1934 ,section 1 and 2 Govt is appointing the Auditor
What is the role of CAG in SBI SBI audit?
Incidently the Auditors from CAG /AGs office conduct an annual audit of Govt accounts maintained in The PAD (Public Accounts Department ) of RBI and CAS (Nagpur ) and we submit compliance thereon through our Central Office. For SBI and other PSBs audit purposes CAG empanels Statutory Central Auditors (SCAs)SCAs. Kindly refer below: