CAG Full Form | What Does CAG Stand For?

CAG: Comptroller and Auditor General of India

CAG Full Form

CAG Full Form

CAG full form stands for Comptroller and Auditor General of India. CAG is a constitutional authority in India, established under Article 148 of the Constitution of India.

They have the right to record all receipts and expenditures of the Government of India and State Governments, including appropriate financial assistance from the Government.

Brief Explanation

  • CAG is the head of the Indian Audit and Accounts Department, which is handled by officers of the Indian Audit and Accounts Service and has 43,576 employees across the country.
  • In 1971, the Central Government enacted the CAG full form (Comptroller and Auditor General of India)(Powers, Duties, and Terms of Service) Act, 1971.
  • The CAG is the legal auditor of government-run corporations and conducts an additional audit of state-owned companies.
  • The CAG report has been tabled before Parliament Assemblies and Public Undertakings (COPS) will be discussed by Public Undertakings Committees (PACs) and Committees.

Responsibilities Of CAG

  • Officers and agencies raised significant funds from the combined funds of the union and state governments.
  • Institutions and officials are given grants by the government for specific purposes.
  • Government Companies in accordance with the provisions of the Companies Act, 2013.
  • Corporations established by or under Parliament by law are subject to the provisions of the relevant laws.
  • Receipts and Expenditures from the India-Union Treaty Collective Fund is a Legislative Assembly.
  • Trade, manufacturing, profit and loss accounts and balance sheets, and other subordinate accounts maintained.

What Is The Full Form OF CAG?

CAG full form stands for Comptroller and Auditor General of India. CAG is a constitutional authority in India, established under Article 148 of the Constitution of India. The CAG is the legal auditor of government-run corporations and conducts an additional audit of state-owned companies.

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