The role of governance is an integral component of any country’s growth and development. Government Audit plays an important role in the scheme of parliamentary financial control and ensures that the executive bodies keep expenditure and budget allocation within the sums allotted and for the purposes authorized. It is absolutely necessary that some independent person scrutinizes government spending and checks whether it has been in accordance with Parliamentary sanctions. In the absence of such a scrutiny, parliamentary control over appropriation made by the executive bodies may be frustrated.
KEYWORDS: CAG, SAI, Public Sector Audit, DRDA, Public Private Partnership.
Introduction The CAG of India plays a unique role in Indian democracy, by upholding the constitution and laws in the field of financial administration. CAG of India has the power to audit and report on all expenditure from the consolidated fund, contingency fund and public accounts of the Union and State Legislature. The Comptroller and Auditor General of India (CAG) who is the head of Supreme Audit Institution of India (SAI India) discharge his constitutional functions through the Indian Audit and Accounts Department.
Objectives of the Research Study The said research study was carried out with following objectives in view: To study the historical background of CAG. To study the Principles of Public Sector Auditing. To study the Types of Public Sector Audits. To study the Duties and Powers of the CAG.
Hypothesis The main hypothesis of the said research paper is as follows:
H1 The Comptroller and Auditor General (CAG) of India plays a unique role in Indian democracy, by the constitution and laws in the field of financial administration.
Research Methodology For the present research study the data pertaining to the above objectives was collected and reviewed the literature on the topic concerned. The literature was thus collected by visiting various libraries. Some Government offices were also visited for getting office record and statistical data. The
