Monday 1 December 2014

CAG

                           CAG(Comptroller and Auditor General of India)

Shri Shashi Kant Sharma is current Comptroller and Auditor General of India

The Comptroller and Auditor General (CAG) of IndiaHindi:भारत के नियंत्रक-महालेखा परीक्षक) is an authority, established by the Constitution of India under Chapter V, who audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The CAG is also the external auditor of Government-owned corporations and conducts supplementary audit of government companies, i.e., any non-banking/ non-insurance company in which the state and Union governments have an equity share of at least 51 per cent or subsidiary companies of existing government companies. The reports of the CAG are taken into consideration by the Public Accounts Committees, which are special committees in theParliament of India and the state legislatures. The CAG is also the head of the Indian Audit and Accounts Department, the affairs of which are managed by officers of Indian Audit and Accounts Service, and has over 58,000 employees across the country.

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