13 (b) Comptroller & Auditor General Of India
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View 13 (b) Comptroller & Auditor General Of India as PDF for free.
More details
- Words: 976
- Pages: 13
Loading documents preview...
www.iasexamportal.com
© IASEXAMPORTAL .COM
www.iasexamportal.com
Public audit is a vital instrument of ensuring supremacy of Parliament over executive and enforcing public accountability. Public audit institutions developed over time to help legislatures to implement the power of the purse.
© IASEXAMPORTAL .COM
www.iasexamportal.com
The Indian Constitution gives special status to Comptroller & Auditor General (CAG as laid down in Articles 148 to 151. The Act gives authority to CAG to audit all expenditure from and receipts into the consolidated fund of India and the States. It also authorises CAG to audit the receipts and expenditure of bodies or authorities substantially financed by loans or grants from Union or State or Union Territory. Article 151 of the Constitution prescribes that Audit Reports on the accounts of Union and the States be submitted to Parliament /State Legislature.
© IASEXAMPORTAL .COM
www.iasexamportal.com
There are several provisions enshrined Constitution to safeguard his independence-
in
the
• He
is appointed by the President of India by warrant under his hand and seal and his oath of office requires him to uphold the Constitution of India and the laws made there under
• He
can be removed from office only on grounds of proven misbehavior or incapacity after an address by both Houses of Parliament supported by a two-thirds majority.
© IASEXAMPORTAL .COM
www.iasexamportal.com
• His
salary and conditions of service cannot be varied to his disadvantage after appointment.
• He
shall not be eligible for further office under the Government of India or of any State after Retirement
• His
administrative powers and the conditions of service of persons serving in the Indian Audit and Accounts Department shall be prescribed by rules made by the President only after consulting him.
• The
administrative expenses of his office are charge upon the Consolidated Fund of India and are not subject to beg voted by Parliament.
© IASEXAMPORTAL .COM
www.iasexamportal.com
The Statutory duties of the CAG include audit of:-
• Receipts
and expenditure of the Union and the State Governments accounted for in the respective Consolidated Funds.
• Transactions relating to the Contingency Fund and the Public Accounts.
• Trading,
manufacturing, profit and loss accounts and balance sheets and other subsidiary accounts kept in any Government Department.
• Authorities and bodies substantially financed from the Consolidated Funds of the Union and the States (Where the grant or loan is not less than rupees twenty five-
© IASEXAMPORTAL .COM
www.iasexamportal.com
-lakh and the amount of such grant or loan is not less than seventy-five percent of the total expenditure of that body or authority, such body or authority is considered to be substantially Financed).
• Any
body or authority even though not substantially financed from the Consolidated Fund at the request of the President or the Governor.
• Accounts of bodies and authorities receiving loans and grants from the Government for specific purposes.
• Accounts
of stores and stock kept in Government organisations, Government companies and Government corporations whose statutes provide for audit by the CAG.
© IASEXAMPORTAL .COM
www.iasexamportal.com
Regularity Audit (Compliance or Financial)
It is an audit to ascertain whether the moneys spent were authorised for the purpose for which they were sent. Also, it is an audit to see that the expenditure incurred was in conformity with the laws, rules and regulations
Propriety Audit
The term ‘propriety’ means the rightness and moral quality of a course of action Propriety audit thus focuses on whether the expenditure made is in public interest Propriety audit focuses on aspects like whether public money is misused for the benefit of a particular person or section of community.
© IASEXAMPORTAL .COM
Efficiency Audit
www.iasexamportal.com
Efficiency audit is a the audit, which ensures that the money invested yields optimum results. The main purpose of efficiency audit is to ensure that • investment is properly prioritized and channeled into most profitable lines. • there is most profitable utilization of investment
Performance Audit
Performance audit is to see that Government programmes have achieved the desired objectives at lowest cost and given the intended benefits.
© IASEXAMPORTAL .COM
Environmental Audit
www.iasexamportal.com
In recent years, environmental audit is gaining momentum. CAG has done EA for some projects recently. CAG carried out the audit of the environment management at Mumbai Port Trust, Tiger Parks etc.
Internal audit
Internal audit is defined as control of all controls and is an essential tool for good governance. It is conducted to ascertain how far the rules and regulations, systems and procedures and instructions issued by the top management in accounting, financial and administrative matters are being followed.
© IASEXAMPORTAL .COM
www.iasexamportal.com
Its report is post-facto-that is after the expenditure is incurred and has only prospective value in improving systems and procedures
• secret service expenditure is outside its audit purview
(which is incurred in cultivating informers and on collecting data on intelligence, etc. on duty evasion, anti social activities, smuggling activities, etc.) and comes within administrative audit. Some departments like police, customs etc have some money authorized for secret service.
© IASEXAMPORTAL .COM
• CAG
www.iasexamportal.com
conducts audit as per the Comptroller and Auditor General (Duties, Powers and Conditions of Service) Act, 1971. At the time of this legislation, concepts like public private partnership (PPP) were nonexistent. Rules have not undergone significant change and CAG does not have the power to audit public-private-partnership (PPP) investments
• The
Act governing the CAG does not provide for auditing funds that are given to an NGO or elected local bodies. CAG can seek the direction and permission of the Governor of a state to audit the local bodies and panchayatiraj institutions. Thus, CAG does not have full authority to audit them.
© IASEXAMPORTAL .COM
www.iasexamportal.com
• Online Coaching for IAS Exams http://iasexamportal.com/civilservices/courses/
• Books for IAS Exams http://iasexamportal.com/civilservices/books
• Contact Us at: http://iasexamportal.com/civilservices/contact-us
© IASEXAMPORTAL .COM
© IASEXAMPORTAL .COM
www.iasexamportal.com
Public audit is a vital instrument of ensuring supremacy of Parliament over executive and enforcing public accountability. Public audit institutions developed over time to help legislatures to implement the power of the purse.
© IASEXAMPORTAL .COM
www.iasexamportal.com
The Indian Constitution gives special status to Comptroller & Auditor General (CAG as laid down in Articles 148 to 151. The Act gives authority to CAG to audit all expenditure from and receipts into the consolidated fund of India and the States. It also authorises CAG to audit the receipts and expenditure of bodies or authorities substantially financed by loans or grants from Union or State or Union Territory. Article 151 of the Constitution prescribes that Audit Reports on the accounts of Union and the States be submitted to Parliament /State Legislature.
© IASEXAMPORTAL .COM
www.iasexamportal.com
There are several provisions enshrined Constitution to safeguard his independence-
in
the
• He
is appointed by the President of India by warrant under his hand and seal and his oath of office requires him to uphold the Constitution of India and the laws made there under
• He
can be removed from office only on grounds of proven misbehavior or incapacity after an address by both Houses of Parliament supported by a two-thirds majority.
© IASEXAMPORTAL .COM
www.iasexamportal.com
• His
salary and conditions of service cannot be varied to his disadvantage after appointment.
• He
shall not be eligible for further office under the Government of India or of any State after Retirement
• His
administrative powers and the conditions of service of persons serving in the Indian Audit and Accounts Department shall be prescribed by rules made by the President only after consulting him.
• The
administrative expenses of his office are charge upon the Consolidated Fund of India and are not subject to beg voted by Parliament.
© IASEXAMPORTAL .COM
www.iasexamportal.com
The Statutory duties of the CAG include audit of:-
• Receipts
and expenditure of the Union and the State Governments accounted for in the respective Consolidated Funds.
• Transactions relating to the Contingency Fund and the Public Accounts.
• Trading,
manufacturing, profit and loss accounts and balance sheets and other subsidiary accounts kept in any Government Department.
• Authorities and bodies substantially financed from the Consolidated Funds of the Union and the States (Where the grant or loan is not less than rupees twenty five-
© IASEXAMPORTAL .COM
www.iasexamportal.com
-lakh and the amount of such grant or loan is not less than seventy-five percent of the total expenditure of that body or authority, such body or authority is considered to be substantially Financed).
• Any
body or authority even though not substantially financed from the Consolidated Fund at the request of the President or the Governor.
• Accounts of bodies and authorities receiving loans and grants from the Government for specific purposes.
• Accounts
of stores and stock kept in Government organisations, Government companies and Government corporations whose statutes provide for audit by the CAG.
© IASEXAMPORTAL .COM
www.iasexamportal.com
Regularity Audit (Compliance or Financial)
It is an audit to ascertain whether the moneys spent were authorised for the purpose for which they were sent. Also, it is an audit to see that the expenditure incurred was in conformity with the laws, rules and regulations
Propriety Audit
The term ‘propriety’ means the rightness and moral quality of a course of action Propriety audit thus focuses on whether the expenditure made is in public interest Propriety audit focuses on aspects like whether public money is misused for the benefit of a particular person or section of community.
© IASEXAMPORTAL .COM
Efficiency Audit
www.iasexamportal.com
Efficiency audit is a the audit, which ensures that the money invested yields optimum results. The main purpose of efficiency audit is to ensure that • investment is properly prioritized and channeled into most profitable lines. • there is most profitable utilization of investment
Performance Audit
Performance audit is to see that Government programmes have achieved the desired objectives at lowest cost and given the intended benefits.
© IASEXAMPORTAL .COM
Environmental Audit
www.iasexamportal.com
In recent years, environmental audit is gaining momentum. CAG has done EA for some projects recently. CAG carried out the audit of the environment management at Mumbai Port Trust, Tiger Parks etc.
Internal audit
Internal audit is defined as control of all controls and is an essential tool for good governance. It is conducted to ascertain how far the rules and regulations, systems and procedures and instructions issued by the top management in accounting, financial and administrative matters are being followed.
© IASEXAMPORTAL .COM
www.iasexamportal.com
Its report is post-facto-that is after the expenditure is incurred and has only prospective value in improving systems and procedures
• secret service expenditure is outside its audit purview
(which is incurred in cultivating informers and on collecting data on intelligence, etc. on duty evasion, anti social activities, smuggling activities, etc.) and comes within administrative audit. Some departments like police, customs etc have some money authorized for secret service.
© IASEXAMPORTAL .COM
• CAG
www.iasexamportal.com
conducts audit as per the Comptroller and Auditor General (Duties, Powers and Conditions of Service) Act, 1971. At the time of this legislation, concepts like public private partnership (PPP) were nonexistent. Rules have not undergone significant change and CAG does not have the power to audit public-private-partnership (PPP) investments
• The
Act governing the CAG does not provide for auditing funds that are given to an NGO or elected local bodies. CAG can seek the direction and permission of the Governor of a state to audit the local bodies and panchayatiraj institutions. Thus, CAG does not have full authority to audit them.
© IASEXAMPORTAL .COM
www.iasexamportal.com
• Online Coaching for IAS Exams http://iasexamportal.com/civilservices/courses/
• Books for IAS Exams http://iasexamportal.com/civilservices/books
• Contact Us at: http://iasexamportal.com/civilservices/contact-us
© IASEXAMPORTAL .COM
Related Documents
13 (b) Comptroller & Auditor General Of India
January 2021 0
6(b)attorney General Of India
January 2021 0
Nfpa 13 Resumen General
March 2021 0
B&k_environmentalnoise
January 2021 1
B&b - Beadeds Bracelet
February 2021 1
Examen Auditor
February 2021 2More Documents from "Prueba"
To Join Free Coaching For Our Next Batch: Click Here
January 2021 0
6(b)attorney General Of India
January 2021 0
To Join Free Coaching For Our Next Batch: Click Here
January 2021 0
13 (a) Public Service Commission
January 2021 0
15(b) Good Governance
January 2021 0