CAG Full Form: The acronym CAG stands for Comptroller and Auditor General of India, a pivotal position within the governmental audit framework of the country. Established as the supreme auditor of the Government of India, the CAG holds constitutional status as an integral part of the Indian Parliament. Its mandate encompasses auditing functions across various tiers of governance, including the Union (Central) Government, State Governments, Union Territories, and Local Governments. The appointment of the CAG is vested in the President of India under the provisions outlined in Articles 148 to 151 of the Constitution, as amended by the 73rd Amendment.
Unlike a full-time officer, the CAG cannot simultaneously hold any other office under the Union or State Governments, local authorities, or engage in remunerative employment for profit. Moreover, eligibility for the position excludes individuals who have previously held office under the Central or State Government.
CAG Full Form is Comptroller and Auditor General of India.
Role and Function of CAG
The role of the Comptroller and Auditor General of India is akin to that of a Supreme Court judge, with a primary responsibility to provide an account of the state of public accounts. This entails meticulous examination of government expenditures, aimed at ensuring transparency and accountability in financial matters. Through its reports prepared on behalf of the Parliament and the public, the CAG facilitates insight into how public funds are utilized, making recommendations to enhance fiscal efficiency.
Operational Mechanism
The operational framework of the Comptroller and Auditor General of India revolves around scrutinizing government accounts submitted to Parliament and various Indian bodies, verifying the accuracy of expenses incurred. Additionally, the CAG communicates its findings to key governmental entities such as the Finance Ministry and the Prime Minister’s office.
Leadership Structure
At the helm of the Audit and Accounts Department stands the Head of the Department (HOD), who wields powers akin to those of a Supreme Court judge. The chairman of the CAG, a senior official appointed by the President from among non-IAS officers holding the rank of Secretary to the Government of India or Director General, Audit and Accounts, leads the organization. The CAG Council supports the chairman in executing responsibilities.
Membership and Appointment Criteria
The CAG comprises four members, with a provision for only three members from the same political party. Eligibility criteria for membership include a minimum of 20 years of service at the level of Joint Secretary, possession of an MSc in Financial Management degree, and proficiency in Indian Accounting Standards. Additionally, candidates must not exceed the mandatory age limit of 62 years and hold a Master’s degree in Commerce with a first-class distinction.
The incumbent Comptroller and Auditor General of India is directly appointed by the President for a tenure of five years. Established on April 30, 1972, the CAG operates autonomously under the provisions of the Companies Act of 1956.
Conclusion | CAG Full Form
In summary, the Comptroller and Auditor General of India play a pivotal role in ensuring fiscal probity and accountability within the governmental apparatus. Through diligent auditing practices and transparent reporting mechanisms, the CAG upholds the principles of good governance and financial prudence.
