CAG Full Form

What is the Full Form of CAG ?

The Full Form of CAG is Comptroller and Auditor General of India. The CAG is authority personnel, under Article 1488 of the Indian Constitution that is responsible for auditing all the expenditures of the Central and the State Governments, along with the governmental agencies that are funded by the government of India. 

CAG also audits government-owned corporations with an equity share of 51% or subsidiary companies of the existing government companies. 

Rajiv Mehrishi has assumed the office as the 13th CAG of India on 25 September 2017 

The Tenure and Appointment of the CAG:

The CAG is appointed for 6 years or up to the age of 65 years, whichever is earlier. On the recommendation of the Indian Prime Minister, the President of India appoints the CAG. The CAG holds the office in the headquarters in New Delhi.

The powers and duties delegated to the CAG: 

The CAG enjoys the same privileges as that of the Judge of the Supreme Court of India. In the Indian order of precedence, the CAG has secured the 9th rank. 

The CAG also stands for the head of the Indian Audit and Accounts Department. The reports prepared by the CAG are furnished in the sessions of the Parliament or the Legislature. They are taken into account by the Public Accounts Committees and Committees on Public Undertakings.

The CAG is entitled to appoint and reappoint the auditor of a government company, instruct the auditors under him, direct the audit and conduct test audit of the accounts of the government companies and to supplement the audit report of the statutory auditors. 

Let Us Now Revise the Duties that are Delegated to the CAG in the Following Lines:

  • The CAG has to audit the receipts and the expenditure from the Consolidated Fund of India and of the State and Union Territory those have a legislative assembly 

  • He audits the government companies

  • The CAG is responsible for auditing the expenditures from the Contingency Fund and public accounts of the Center and the States.

  • The auditing of trades, manufacture, profit, loss, balance sheets, and other subsidiary accounts along with the stocks accounts that are under the Government is under the power of the CAG

  • The CAG has the power to audit any loans and grants given to authorities by the government

  • After the audits, the CAG is entitled to submit the audit report of the center to the President and that of the states to the governors of the respective states. 

The Loss of Office:

As we are talking about what CAG stands for, along with everything, you also must know when the CAG can be removed from his office. If and only both the houses of the parliament pass the order of removal, then the CAG can be evicted from his office on the proven ground of incompetence and misconduct. The process is known as impeachment. 

On other accounts, the CAG leaves his office after the completion of his tenure.

FAQ (Frequently Asked Questions)

Q: What is CAG ?

Ans: The full form of cag is Comptroller and Auditor General of India, who audits the expenses of the central and state governments. The Indian President appoints the CAG on the recommendation of the Indian Prime Minister. The CAG is removed from his office by the vote of both the houses of the Parliament or on the completion of his tenure.

Q: Who is the Current CAG of Indian?

Ans: Rajiv Mehrishi is the current Comptroller and Auditor General of India. 

Q: Who was the First CAG of India?

Ans: V. Narahari Rao was the first CAG of India.