Table of Contents
- 1 Which Committee examines the report of CAG?
- 2 What is the purpose of public account Committee?
- 3 What is a CAG report?
- 4 Who is chair of Public Accounts Committee?
- 5 What is public account India?
- 6 How is the public accounts committee held accountable?
- 7 Which of the following reports is to be placed before the Parliament by Government Company?
- 8 What are the reports submitted by CAG?
- 9 What is Comptroller and Auditor General (CAG) of India?
- 10 What is the role of CAG in Public Accounts?
- 11 How many offices of CAG are there in India?
Which Committee examines the report of CAG?
Public Accounts Committee
Comptroller and Auditor General (CAG) of India submits three annual audit reports before the President who lay it before each house of the Indian Parliament. These reports are examined by the Public Accounts Committee (PAC) which is a Financial Committee, a type of Standing Committee.
What is the purpose of public account Committee?
Public Accounts Committee (PAC) is a Committee set up in the Parliament to hold government Institutions accountable for use of Public funds and resources, by examining all related financial documents including reports submitted by the Auditor-General.
Which of the following authorities does the Public Accounts Committee submit its report in India?
The Comptroller and Auditor General (CAG) of India is required to send three annual audit reports to the President after approval by the Public Accounts Committee and Committees on Public understandings , who shall submit them to each House of the Indian Parliament.
What is a CAG report?
Overview. 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).
Who is chair of Public Accounts Committee?
Membership
| Member | Party | Constituency |
|---|---|---|
| Brian Stanley (Chair) | Sinn Féin | Laois-Offaly |
| Cormac Devlin | Fianna Fáil | Dún Laoghaire |
| Paul McAuliffe | Fianna Fáil | Dublin North-West |
| James O’Connor | Fianna Fáil | Cork East |
Which committee scrutinizes appropriation and finance accounts of the government?
The Committee on Public Accounts
The Committee on Public Accounts is constituted by Parliament each year for examination of accounts showing the appropriation of sums granted by Parliament for expenditure of Government of India, the annual Finance Accounts of Government of India, and such other accounts laid before Parliament as the Committee may deem …
What is public account India?
Definition: Public Account of India accounts for flows for those transactions where the government is merely acting as a banker. It accounts for flows for those transactions where the government is merely acting as a banker. Examples of those are provident funds, small savings and so on.
How is the public accounts committee held accountable?
The PAC’s key responsibility is to examine the accounts showing the appropriation of the sums granted by the Assembly to meet public expenditure and such other accounts laid before the Assembly as the Assembly may refer to the Committee together with the Auditor General’s report thereon.
Who present the report of Public Accounts Committee?
The chairperson is appointed by the Lok Sabha speaker. The term of office of the members is one year. At present, the 16th Lok Sabha has no designated leader of opposition, however the Indian National Congress (INC) being largest opposition party has gotten the responsibility of heading the PAC.
Which of the following reports is to be placed before the Parliament by Government Company?
The Reports and Statements get by President to be laid before parliament are as follows: 1. Annual Financial Statement 2. Reports of Auditor General 3. Annual report of UPSC 4.
What are the reports 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.
Why is CAG audit done?
Audit of government accounts (including the accounts of the state governments) in India is entrusted to the CAG of India who is empowered to audit all expenditure from the Consolidated Fund of the union or state governments, whether incurred within India or outside, all revenue into the Consolidated Funds and all …
What is Comptroller and Auditor General (CAG) of India?
Comptroller and Auditor General (CAG) of India submits three annual audit reports before the President who lay it before each house of the Indian Parliament. These reports are examined by the Public Accounts Committee (PAC) which is a Financial Committee, a type of Standing Committee.
What is the role of CAG in Public Accounts?
CAG is responsible for auditing the accounts of the Union and State governments and public sector organizations, and for maintaining the accounts of State governments. The reports of the CAG are taken into consideration by the Public Accounts Committees. CAG enjoys the same status as a judge of Supreme Court of India.
What is the role of CAG in Indian Constitution?
The CAG is mentioned in the Constitution of India under Article 148 – 151. 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 many offices of CAG are there in India?
The office of the CAG in New Delhi directs, monitors and controls all activities connected with audit, accounts and entitlement functions of the IA&AD. At the field level there are 133 offices: Offices of the Member Audit Board entrusted with audit of Central Public Sector undertakings.