10 Questions
What was the year of release for the third edition of the Auditing Standards?
2017
Which chapter of the Auditing Standards covers the General Standards?
Chapter 2: General Standards
In what year were the Auditing Standards first brought out by the Indian Audit and Accounts Department?
1994
Who is the author of the preface of the Auditing Standards?
Shashi Kant Sharma
Which edition of the Auditing Standards takes into account the prerequisites for functioning of the Supreme Audit Institution?
Third edition
Who appoints the Comptroller and Auditor General of India?
The President of India
What is the governing framework for both accounting and auditing functions in the Indian Audit and Accounts Department?
The Regulations on Audit and Accounts, 2007
When did the CAG's Auditing Standards become effective?
1 April 2017
What does Article 149 of the Constitution of India envisage regarding the duties of CAG?
Performing duties and exercising powers in relation to the accounts of the Union, States, and other authorities
What is the purpose of the CAG's (Duties, Powers and Conditions of Service) Act, 1971?
To prescribe the duties and powers of CAG
Learn about the Comptroller and Auditor General of India's auditing standards, including the basic postulates, general standards, and specific standards. Explore the continuous efforts of the Indian Audit and Accounts Department to upgrade its auditing practice and achieve professional excellence.
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