Podcast
Questions and Answers
What does the term 'accounts' refer to in relation to commercial undertakings of the Government?
What does the term 'accounts' refer to in relation to commercial undertakings of the Government?
- Only government expenditure accounts
- Trading, manufacturing, and all subsidiary accounts (correct)
- Only balance-sheets
- Reports solely on profit and loss
What is the function of appropriation accounts according to the Act?
What is the function of appropriation accounts according to the Act?
- To track income generated from commercial activities
- To manage the budget allocation of all states
- To outline the fiscal policies of the government
- To relate expenditure to items specified in law made for appropriation of funds (correct)
Who is referred to as the Comptroller and Auditor General?
Who is referred to as the Comptroller and Auditor General?
- The Finance Minister of India
- The head of state financial regulations
- A designated accountant by the Central Government
- The individual appointed under Article 148 of the Constitution (correct)
Which of the following best describes the term 'State' in the context of the Act?
Which of the following best describes the term 'State' in the context of the Act?
In the Act, what does the term 'Union' encapsulate?
In the Act, what does the term 'Union' encapsulate?
Which chapters of the Act discuss the salary and conditions of service of the Comptroller and Auditor General?
Which chapters of the Act discuss the salary and conditions of service of the Comptroller and Auditor General?
The Act is officially titled the Comptroller and Auditor General's _____ Act 1971.
The Act is officially titled the Comptroller and Auditor General's _____ Act 1971.
Which of the following matters can rules made under this section address?
Which of the following matters can rules made under this section address?
What is required of rules made under this section regarding Parliament?
What is required of rules made under this section regarding Parliament?
What authority is given to the Comptroller and Auditor-General under this section?
What authority is given to the Comptroller and Auditor-General under this section?
Under what conditions can the Comptroller and Auditor-General dispense with detailed audits?
Under what conditions can the Comptroller and Auditor-General dispense with detailed audits?
What happens if both Houses of Parliament agree that a rule should be modified or annulled?
What happens if both Houses of Parliament agree that a rule should be modified or annulled?
Under what circumstances can the audit be entrusted to the Comptroller and Auditor-General?
Under what circumstances can the audit be entrusted to the Comptroller and Auditor-General?
What must be provided to the concerned body before conducting the audit?
What must be provided to the concerned body before conducting the audit?
Who has the authority to delegate powers of the Comptroller and Auditor-General?
Who has the authority to delegate powers of the Comptroller and Auditor-General?
What is the condition under which an officer can submit a report on behalf of the Comptroller and Auditor-General?
What is the condition under which an officer can submit a report on behalf of the Comptroller and Auditor-General?
Who may make rules for carrying out the provisions of the Act regarding accounts maintenance?
Who may make rules for carrying out the provisions of the Act regarding accounts maintenance?
What is not permitted regarding the delegation of submitting reports?
What is not permitted regarding the delegation of submitting reports?
What role does the Central Government have in the context of rule-making?
What role does the Central Government have in the context of rule-making?
What is meant by 'reasonable opportunity' in the context of audit proposals?
What is meant by 'reasonable opportunity' in the context of audit proposals?
Who can authorize officers to exercise the powers of the Comptroller and Auditor-General?
Who can authorize officers to exercise the powers of the Comptroller and Auditor-General?
In what scenario can the audit process begin without the Comptroller and Auditor-General's direct involvement?
In what scenario can the audit process begin without the Comptroller and Auditor-General's direct involvement?
Who is responsible for preparing and submitting accounts to the President, the Government of States, and Administrators of Union territories with Legislative Assemblies?
Who is responsible for preparing and submitting accounts to the President, the Government of States, and Administrators of Union territories with Legislative Assemblies?
What types of accounts does the Comptroller and Auditor General prepare each year?
What types of accounts does the Comptroller and Auditor General prepare each year?
Which entity receives accounts prepared by the Comptroller and Auditor General?
Which entity receives accounts prepared by the Comptroller and Auditor General?
What duty does the Comptroller and Auditor General perform concerning the Consolidated Fund of India?
What duty does the Comptroller and Auditor General perform concerning the Consolidated Fund of India?
What kind of reports does the Comptroller and Auditor General provide after auditing?
What kind of reports does the Comptroller and Auditor General provide after auditing?
To whom does the Comptroller and Auditor General give information and assistance?
To whom does the Comptroller and Auditor General give information and assistance?
Which accounts are included in the auditing responsibilities of the Comptroller and Auditor General?
Which accounts are included in the auditing responsibilities of the Comptroller and Auditor General?
What is required for the Comptroller and Auditor General to submit the prepared accounts?
What is required for the Comptroller and Auditor General to submit the prepared accounts?
Which funds are subject to audit by the Comptroller and Auditor General?
Which funds are subject to audit by the Comptroller and Auditor General?
What authority does the Comptroller and Auditor-General have in connection with audit duties?
What authority does the Comptroller and Auditor-General have in connection with audit duties?
What must the person in charge of an office do in response to the Comptroller and Auditor-General's requests?
What must the person in charge of an office do in response to the Comptroller and Auditor-General's requests?
Which act does the Comptroller and Auditor-General follow for auditing Government Companies?
Which act does the Comptroller and Auditor-General follow for auditing Government Companies?
What kind of information can the Comptroller and Auditor-General call for during an audit?
What kind of information can the Comptroller and Auditor-General call for during an audit?
What is a requirement for documents submitted for inspection by the Comptroller and Auditor-General?
What is a requirement for documents submitted for inspection by the Comptroller and Auditor-General?
Whose cooperation is necessary for the performance of the audit according to the Comptroller and Auditor-General's powers?
Whose cooperation is necessary for the performance of the audit according to the Comptroller and Auditor-General's powers?
In relation to auditing corporations not being companies, which provisions does the Comptroller and Auditor-General follow?
In relation to auditing corporations not being companies, which provisions does the Comptroller and Auditor-General follow?
What type of questions can the Comptroller and Auditor-General pose during inspections?
What type of questions can the Comptroller and Auditor-General pose during inspections?
What is the purpose of the Comptroller and Auditor-General's authority?
What is the purpose of the Comptroller and Auditor-General's authority?
What action must the Comptroller and Auditor-General take before conducting an audit?
What action must the Comptroller and Auditor-General take before conducting an audit?
What condition is required for a rule made under this section to remain effective after Parliament's review?
What condition is required for a rule made under this section to remain effective after Parliament's review?
In what situation can the Comptroller and Auditor-General waive detailed auditing for specific accounts?
In what situation can the Comptroller and Auditor-General waive detailed auditing for specific accounts?
Which of the following is NOT typically included in the responsibilities of the rules made under this section?
Which of the following is NOT typically included in the responsibilities of the rules made under this section?
What key aspect must the regulations made by the Comptroller and Auditor-General address?
What key aspect must the regulations made by the Comptroller and Auditor-General address?
What requirement is placed on rules made under this section regarding their presentation to Parliament?
What requirement is placed on rules made under this section regarding their presentation to Parliament?
What is the primary role of the Comptroller and Auditor General as defined by Article 149?
What is the primary role of the Comptroller and Auditor General as defined by Article 149?
According to Article 150, who must approve the form in which the accounts of the Union and States are kept?
According to Article 150, who must approve the form in which the accounts of the Union and States are kept?
What happens to the reports submitted by the Comptroller and Auditor General regarding Union accounts as per Article 151?
What happens to the reports submitted by the Comptroller and Auditor General regarding Union accounts as per Article 151?
What is the significance of the year 1971 in relation to the powers of the Comptroller and Auditor General?
What is the significance of the year 1971 in relation to the powers of the Comptroller and Auditor General?
In which scenario can the Comptroller and Auditor General dispense with detailed audits?
In which scenario can the Comptroller and Auditor General dispense with detailed audits?
Which document outlines the duties and powers of the Comptroller and Auditor General concerning the servicing of accounts?
Which document outlines the duties and powers of the Comptroller and Auditor General concerning the servicing of accounts?
According to the Constitution, what must the Comptroller and Auditor General do with the accounts of a State?
According to the Constitution, what must the Comptroller and Auditor General do with the accounts of a State?
What term is used for accounts relating to expenditures during a financial year as specified in the law?
What term is used for accounts relating to expenditures during a financial year as specified in the law?
Which authority is empowered to appoint the Comptroller and Auditor General of India?
Which authority is empowered to appoint the Comptroller and Auditor General of India?
Which of the following best defines the term 'Union' in the context of the Act?
Which of the following best defines the term 'Union' in the context of the Act?
Which accounts are specifically related to the commercial undertakings of a government as per the Act?
Which accounts are specifically related to the commercial undertakings of a government as per the Act?
What is the role of the Comptroller and Auditor General regarding the Consolidated Fund of India?
What is the role of the Comptroller and Auditor General regarding the Consolidated Fund of India?
Which statement accurately reflects the relationship between the Comptroller and Auditor General and the State?
Which statement accurately reflects the relationship between the Comptroller and Auditor General and the State?
What is the implication of the term 'accounts' as defined in the Act?
What is the implication of the term 'accounts' as defined in the Act?
In the context of the Act, which of the following statements is true regarding the scope of auditing responsibilities?
In the context of the Act, which of the following statements is true regarding the scope of auditing responsibilities?
What does the term 'State' refer to in the definition provided in the Act?
What does the term 'State' refer to in the definition provided in the Act?
What condition qualifies a body or authority to be considered substantially financed through grants or loans?
What condition qualifies a body or authority to be considered substantially financed through grants or loans?
What power does the Comptroller and Auditor General have regarding the scrutiny of grants or loans?
What power does the Comptroller and Auditor General have regarding the scrutiny of grants or loans?
Which of the following situations would allow the President or Governor to relieve the Comptroller and Auditor General from scrutiny?
Which of the following situations would allow the President or Governor to relieve the Comptroller and Auditor General from scrutiny?
What is the primary responsibility of the Comptroller and Auditor General concerning authorities or bodies receiving grants or loans?
What is the primary responsibility of the Comptroller and Auditor General concerning authorities or bodies receiving grants or loans?
Which tier of government does not fall under the scrutiny of the Comptroller and Auditor General's audit authority?
Which tier of government does not fall under the scrutiny of the Comptroller and Auditor General's audit authority?
What is the role of the Governor regarding the Comptroller and Auditor General's audits?
What is the role of the Governor regarding the Comptroller and Auditor General's audits?
What ensures that a body or authority adheres to the conditions of a grant or loan?
What ensures that a body or authority adheres to the conditions of a grant or loan?
What action is required from the authority or body that receives a grant or loan when the Comptroller and Auditor General asks for documents?
What action is required from the authority or body that receives a grant or loan when the Comptroller and Auditor General asks for documents?
What percentage of total expenditure must the grant or loan amount be to classify a body as substantially financed?
What percentage of total expenditure must the grant or loan amount be to classify a body as substantially financed?
What is the minimum amount in financial assistance for a body to require audit scrutiny?
What is the minimum amount in financial assistance for a body to require audit scrutiny?
What is the primary role of the Comptroller and Auditor General regarding the accounts submitted annually?
What is the primary role of the Comptroller and Auditor General regarding the accounts submitted annually?
What types of accounts does the Comptroller and Auditor General specifically audit?
What types of accounts does the Comptroller and Auditor General specifically audit?
Which statement correctly describes the responsibilities of the Comptroller and Auditor General in relation to Union territories?
Which statement correctly describes the responsibilities of the Comptroller and Auditor General in relation to Union territories?
What must occur before the Comptroller and Auditor General submits the prepared accounts?
What must occur before the Comptroller and Auditor General submits the prepared accounts?
Which requirement must be met for the Comptroller and Auditor General to audit transactions related to the Contingency Funds?
Which requirement must be met for the Comptroller and Auditor General to audit transactions related to the Contingency Funds?
What information may the Comptroller and Auditor General provide to the Union and State Governments?
What information may the Comptroller and Auditor General provide to the Union and State Governments?
By what date must the Comptroller and Auditor General submit the accounts each year?
By what date must the Comptroller and Auditor General submit the accounts each year?
What is one of the duties of the Comptroller and Auditor General related to balance sheets?
What is one of the duties of the Comptroller and Auditor General related to balance sheets?
What must the Comptroller and Auditor General ascertain during the audit process?
What must the Comptroller and Auditor General ascertain during the audit process?
Who is responsible for assisting the Comptroller and Auditor General in preparing annual financial statements?
Who is responsible for assisting the Comptroller and Auditor General in preparing annual financial statements?
Flashcards
Accounts (in relation to government commercial undertakings)
Accounts (in relation to government commercial undertakings)
Refers to financial documents that show how a government commercial venture is doing, including sales, costs, and profits. This includes profit and loss statements, balance sheets, and other related records.
Appropriation Accounts
Appropriation Accounts
These are accounts that track how government spending matches up with the budget approved by Parliament or a state legislature. They compare actual expenses against authorized allocations.
Comptroller and Auditor General
Comptroller and Auditor General
This refers to the top auditor of the Indian government, appointed as per the Constitution.
State
State
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Union
Union
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Duties of the Comptroller and Auditor General
Duties of the Comptroller and Auditor General
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Powers of the Comptroller and Auditor General
Powers of the Comptroller and Auditor General
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CAG's Authority to Inspect
CAG's Authority to Inspect
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CAG's Power to Demand Documents
CAG's Power to Demand Documents
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CAG's Power to Question and Request Information
CAG's Power to Question and Request Information
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Government Cooperation with CAG
Government Cooperation with CAG
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CAG's Audit of Government Companies
CAG's Audit of Government Companies
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CAG's Audit of Parliamentary Corporations
CAG's Audit of Parliamentary Corporations
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CAG's Authority Over Initial Records
CAG's Authority Over Initial Records
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CAG's Authority Over Subsidiary Records
CAG's Authority Over Subsidiary Records
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CAG's Role in Financial Accountability
CAG's Role in Financial Accountability
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CAG's Role in Public Financial Management
CAG's Role in Public Financial Management
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CAG's Role in Account Preparation
CAG's Role in Account Preparation
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Compiling Annual Accounts
Compiling Annual Accounts
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Submission of Annual Accounts
Submission of Annual Accounts
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Information and Assistance Provided by CAG
Information and Assistance Provided by CAG
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Auditing Expenditure
Auditing Expenditure
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Auditing Contingency Funds and Public Accounts
Auditing Contingency Funds and Public Accounts
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Auditing Government Department Accounts
Auditing Government Department Accounts
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Reporting on Audit Findings
Reporting on Audit Findings
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Purpose of CAG's Role
Purpose of CAG's Role
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Rules for Financial Records
Rules for Financial Records
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Dispensing with Detailed Audit
Dispensing with Detailed Audit
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CAG's Role in Auditing
CAG's Role in Auditing
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CAG's Power to Make Regulations
CAG's Power to Make Regulations
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Detailed vs. Limited Audit
Detailed vs. Limited Audit
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When can the CAG conduct a special audit?
When can the CAG conduct a special audit?
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Who authorizes special audits by the CAG?
Who authorizes special audits by the CAG?
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What happens before a special audit?
What happens before a special audit?
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Can the CAG delegate his duties?
Can the CAG delegate his duties?
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How does the CAG delegate tasks?
How does the CAG delegate tasks?
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Can others submit reports for the CAG?
Can others submit reports for the CAG?
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Who is responsible for submitting required reports?
Who is responsible for submitting required reports?
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How are rules for maintaining government accounts made?
How are rules for maintaining government accounts made?
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Where are the rules for government accounts published?
Where are the rules for government accounts published?
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What do the rules for government accounts cover?
What do the rules for government accounts cover?
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Who is the CAG?
Who is the CAG?
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What legal basis governs the CAG's authority?
What legal basis governs the CAG's authority?
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What level of accounts does the CAG audit?
What level of accounts does the CAG audit?
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What specific types of accounts does the CAG check?
What specific types of accounts does the CAG check?
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What actions can the CAG take if they find problems?
What actions can the CAG take if they find problems?
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To whom does the CAG submit their report?
To whom does the CAG submit their report?
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What law outlines the CAG's responsibilities?
What law outlines the CAG's responsibilities?
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Accounts (in relation to government undertakings)
Accounts (in relation to government undertakings)
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Duties of the CAG
Duties of the CAG
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Powers of the CAG
Powers of the CAG
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Who is the Comptroller and Auditor General (CAG)?
Who is the Comptroller and Auditor General (CAG)?
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What does the CAG audit?
What does the CAG audit?
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What happens if the CAG finds problems?
What happens if the CAG finds problems?
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What law guides the CAG's work?
What law guides the CAG's work?
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What are the CAG's responsibilities regarding accounts?
What are the CAG's responsibilities regarding accounts?
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What kind of assistance does the CAG provide?
What kind of assistance does the CAG provide?
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Can the CAG choose the level of detail in their audits?
Can the CAG choose the level of detail in their audits?
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CAG's Power to Make Rules
CAG's Power to Make Rules
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CAG's Role in Government Accounting
CAG's Role in Government Accounting
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CAG's Rules Subject to Parliamentary Scrutiny
CAG's Rules Subject to Parliamentary Scrutiny
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Audit of Bodies Substantially Financed by the Union or State
Audit of Bodies Substantially Financed by the Union or State
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CAG Scrutiny of Grants or Loans
CAG Scrutiny of Grants or Loans
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Presidential Exemption from CAG Scrutiny
Presidential Exemption from CAG Scrutiny
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Criteria for "Substantially Financed"
Criteria for "Substantially Financed"
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CAG's Responsibility for Auditing Government Accounts
CAG's Responsibility for Auditing Government Accounts
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Auditing Appropriation Accounts
Auditing Appropriation Accounts
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CAG's Audit of Government Department Accounts
CAG's Audit of Government Department Accounts
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CAG's Role in Compiling Annual Accounts
CAG's Role in Compiling Annual Accounts
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Study Notes
Duties and Powers of Comptroller and Auditor General
- The Comptroller and Auditor General of India's duties and powers are defined by Articles 149-151 of the Indian Constitution and the Comptroller and Auditor General's (Duties, Powers and Conditions of Service) Act, 1971 (and amendments of 1976).
- The General is responsible for auditing the accounts of the Union, States, and other authorities as specified by law.
- The General's role includes exercising powers and performing duties related to the accounts of the Union and States, as were previously exercised by the Auditor General of India for the Dominion of India and provinces.
- The accounts are to be kept in a format prescribed by the Comptroller and Auditor General, with President's approval.
- Reports relating to Union accounts are submitted to the President, who then presents them to Parliament.
- State accounts reports are given to the Governor or Rajpramukh of the State, who submits the reports to the State Legislature.
Comptroller and Auditor General's Duties, Powers and Conditions of Service Act, 1971
- This Act outlines specific duties and powers of the Comptroller and Auditor General.
- The Act covers compiling accounts for the Union and States, including initial and subsidiary accounts.
- The General is responsible for auditing all expenditure from Consolidated Funds of the Union, States, and Union Territories with Legislative Assemblies.
- Auditing transactions related to the Contingency and Public Accounts are also part of the General's responsibilities.
- The General audits trading and manufacturing accounts, balance sheets, and subsidiary accounts within Union or State departments.
- The General is responsible for auditing receipts and expenditures for bodies financed by Union or State revenues.
- This act also discusses and details the specific types of accounts that the Comptroller and Auditor General is responsible for auditing.
Additional Responsibilities
- Providing information and assistance to the Union and State governments regarding accounts.
- Auditing transactions of bodies receiving grants or loans from Union, State, or Union Territory (with a Legislative Assembly) governments.
- Inspecting offices related to accounts under the control of the Union or a State including treasuries.
- Requiring documents related to transactions when auditing.
- Putting questions or making observations to people in charge of different offices for account auditing.
- Compiling and submitting annual accounts showing annual receipts and disbursements to President and Governors and Administrators of Union territories.
- The Comptroller and Auditor General may be relieved of specific account compilation responsibilities, by President or Governor order, subject to consultation with the General.
Other Aspects
- The President or Governor can relieve the Comptroller and Auditor General of responsibility for specific accounts if necessary.
- Provisions apply for delegating powers and for making rules/regulations governing account maintenance and audit procedures.
- There are provisions for the auditing of accounts of government companies.
- There are provisions about delegating powers to Comptroller and Auditor General officials.
- There are provisions to make regulations for audit procedures.
- The Act includes specific provisions for auditing accounts of corporations and entities receiving grants or loans from the Consolidated Fund of India or any state.
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Description
Explore the roles and responsibilities of the Comptroller and Auditor General of India as defined under Articles 149-151 of the Constitution and the 1971 Act. Understand how the auditing of accounts is conducted for the Union, States, and other authorities. This quiz will test your knowledge on their duties and powers.