What is the full form of CAG?

CAG stands for "Comptroller and Auditor General of India"

CAG represents Comptroller and Auditor General of India. It is a position that is set up under Article 148 of the constitution of India. Its essential job is to review all the use of local government, state government, and associations that are financed by the public authority. Its central command is in New Delhi, India.

CAG is positioned ninth in Indian request of priority and has a similar status as an adjudicator of the Supreme Court of India. CAG is likewise at the top of the Indian Audit and Accounts Department. It is one of the most remarkable bodies to research monetary fakes in India, for example, coal mine shaft assignment trick and 2G range allotment trick.

CAG is designated by the leader of India on the suggestion of the Prime Minister of India for a term of 6 years. Starting in 2016, Shashi Kant Sharma is the CAG of India. He was delegated on 23 May 2013, and he is the twelfth CAG of India.

Forces of CAG

According to the Companies Act, 1956, the CAG is engaged to:

• Designate and reappoint the examiner of an administration organization
• Offer directions to the examiners concerning any issue identified with the review
• Lead a test review of the records
• Supplement the review report of the legal inspectors

Elements of CAG:

The significant elements of CAG as recommended by the Parliament and Constitution are given beneath:

• To review the records concerning use from the combined asset of India and united asset of each state and association region
• To review the records identified with consumption from the possible asset and public record of India and each state
• To review asset reports, exchanging, assembling, and benefit and misfortune or some other record of any division of the focal or state governments.
• To review the receipts and use of government organizations and different associations financed from the focal or state incomes.
• To submit review reports of the records of the middle to the President
• To submit review reports of the records of the state to the Governor