WHAT IS ROLE OF CAG IN AUDIT OF GOVT. AUDIT

- In the Indian system of governance, the policies are set by the parliament and the state legislators give the goals to be achieved through the public spending. -These policies are the translated into program and then implemented by various department of government. For this, parliament sanctions the budget detailing the mode of collection, amount of collection and also for the purpose for it is to be spent and the government dept. are accountable for the quantity and quality of their expenditure to the parliament. - CAG assists the parliament to enforce the said accountability of the Govt. Department -The Comptroller and Auditor-General is responsible for compiling the accounts of the Union and of each State from the initial and subsidiary account rendered to the audit and accounts offices under his control by treasuries, offices or departments responsible for the keeping of such accounts. -In the case of a Government company, the comptroller and Auditor-General of India shall appoint the auditor under section 139 i.e. appointment of First Auditor or Subsequent Auditor and direct such auditor the manner in which the accounts of the Government company are required to be audited and submit a copy of the audit report to the Comptroller and Auditor-General of India which, among other things, include the directions, if any, issued by the Comptroller and Auditor-General of India, the action taken thereon and its impact on the accounts and financial statement of the company. -