CAG Full Form: CAG, which stands for Comptroller and Auditor General of India, holds a pivotal role as the supreme auditor of the Government of India. Constitutionally, it is integrated into the Parliament of India and exercises authority over the Union (Central) Government, State Governments, Union Territories, and Local Governments. The appointment of the CAG is made by the President of India in accordance with Articles 148 to 151 of the Constitution, as amended by the 73rd Amendment.
The CAG is not employed on a full-time basis and cannot simultaneously hold any other office under the Union, State Governments, or any local authority, nor engage in any remunerative employment for profit. Eligibility for the position excludes individuals who have previously held office under the Central or State Government.
CAG Full Form is Comptroller and Auditor General of India.
Function and Responsibility of CAG | CAG Full Form
The reports prepared by the Comptroller and Auditor General of India are presented on behalf of the Parliament and the public, providing transparency regarding government expenditure. The role of the CAG parallels that of a Supreme Court judge in India. Its mandate is to ‘give an account of the state of public accounts,’ ensuring accountability throughout the public expenditure process and offering recommendations for improvement.
Operational Procedures | CAG Full Form
The CAG initiates its operations by scrutinizing the accounts submitted by the government to Parliament and other Indian bodies to verify the accuracy of expenses. Additionally, it communicates its findings to the Finance Ministry and the Prime Minister’s office.
Leadership and Structure
The Head of the Department (HOD) oversees India’s Audit and Accounts Department, possessing powers equivalent to those of a Supreme Court judge. The chairman of the CAG, a senior officer, is appointed by the President of India from among non-IAS officers holding the rank of Secretary to the Government of India or Director General, Audit and Accounts. Supported by the CAG Council, the chairman oversees the release of the annual report, traditionally expected on the last working day of May.
Membership Criteria
The CAG comprises four members, with a maximum of three members from the same political party. Eligibility for membership requires a minimum of 20 years of service at the Joint Secretary level, along with an MSc in Financial Management degree and proficient knowledge of Indian Accounting Standards. Candidates must also hold a Master’s degree in Commerce/M.Com. with a first-class distinction and be under the age of 62. The possibility of chairmanship entails an interview and scrutiny process.
Composition of CAG
The CAG consists of four members, including:
- Comptroller and Auditor General of India
- Additional Secretary, Department of Personnel & Training
- Chief Vigilance Commissioner
- Additional Secretary, Department of Economic Affairs
Appointment and Budget
The President of India directly appoints the Comptroller and Auditor General for a term of five years. Established on April 30, 1972, it operates within an annual budget of Rs 500 crore, functioning as an autonomous body registered under the Companies Act of 1956.
Conclusion | CAG Full Form
In conclusion CAG Full Form, the CAG plays a critical role in ensuring fiscal transparency and accountability within the government’s financial operations. Its functions and responsibilities are integral to maintaining the integrity of public expenditure processes.