Rights and duties of an auditor pdf

Type or paste a DOI name into the text rights and duties of an auditor pdf. This article is about Comptroller and Auditor General of India.

For similar title in other jurisdictions, see Comptroller and Auditor General. Comptroller and Auditor General of India logo. Rajiv Mehirshi taking oath as CAG of India. The CAG is ranked 9th and enjoys the same status as a judge of Supreme Court of India in Indian order of precedence. The Comptroller and Auditor-General of India is appointed by the President of India following a recommendation by the Prime Minister. I will bear true faith and allegiance to the Constitution of India as by law established, that I will uphold the sovereignty and integrity of India, that I will duly and faithfully and to the best of my ability, knowledge and judgement perform the duties of my office without fear or favour, affection or ill-will and that I will uphold the Constitution and the laws. Receipts and expenditure from the Consolidated Fund of India and of the State and Union Territory having legislative assembly.

Accounts of stores and stock kept in Government offices or departments. Government companies as per the provisions of the Companies Act, 2013. Corporations established by or under laws made by Parliament in accordance with the provisions of the respective legislation. Authorities and bodies substantially financed from the Consolidated Funds of the Union and State Governments. Grants and loans given by Government to bodies and authorities for specific purposes.

Recently the CAG under Vinod Rai has constantly been in the limelight for its reports exposing mega corruption, particularly in 2G spectrum case, Commonwealth Games scam and other scams. CPI MP Gurudas Dasgupta wrote a letter to the PM and demand CAG has appointed by the collegium of consisting the PM, the CJI and the leader of the opposition in Lok Sabha but the PM declined. Shunglu has suggested in its CWG scam report that CAG be made a multi-member body. Narayanasamy in his interview with PTI said Government is considering the Shunglu panel report but PM and Finance Minister declined it. Narayanasamy said he misquoted but PTI reaffirmed it.

His salary is same as that of judge of the Supreme court of India. Neither leave of absence, pension or age of retirement can be varied to his disadvantage after his appointment. The CAG is not eligible for further office either under the Government of India or under the Government of any State after he has ceased to hold his office. The CAG can be removed only on an address from both house of parliament on the ground of proved misbehaviour or incapacity. The CAG vacates the office on attaining the age of 65 years age even without completing the 6 years term by impeachment also. The Constitution of India provides for an independent office to the CAG of India. He or she is the head of Indian Audit and Accounts Department.

She has a duty to uphold the Constitution of India and laws of the Parliament to safeguard the interests of the public exchequer. CAG is not a munimji or an accountant or something like that He is a constitutional authority who can examine the revenue allocation and matters relating to the economy. Observation of a bench of Supreme Court of India while dismissing a petition challenging CAG reports on 2G spectrum, Coal Blocks Allotment, etc. India is entrusted to the CAG of India who is empowered to audit all expenditure from the Consolidated Fund of the union or state governments, whether incurred within India or outside, all revenue into the Consolidated Funds and all transactions relating to the Public Accounts and the Contingency Funds of the Union and the states.

CAG also audits the books of accounts of the government companies as per Companies Act. In addition, the CAG also executes performance and compliance audits of various functions and departments of the government. Recently, the CAG as a part of thematic review on “Introduction of New Trains” is deputing an auditors’ team on selected trains, originating and terminating at Sealdah and Howrah stations, to assess the necessity of their introduction. CAG has been elected the Chairman of the United Nations’ Board of Auditors.

Panchayti Raj Institutions and societies getting government funds within the ambit of the CAG. The amendment further proposes to enhance CAG’s powers to access information under the Audit Act. CAG officials have been denied to them. A CAG report on issue of Licences and Allocation of 2G Spectrum resulted in a huge controversy. However, the special court in New Delhi acquitted all accused in the 2G spectrum case including prime accused A Raja and Kanimozhi on December 21, 2017, the verdict was based on the fact that CBI could not find any evidence against the accused in those 7 years. A 2012 CAG report on Coal Mine Allocation received massive media and political reaction as well as public outrage.

During the 2012 monsoon session of the Parliament, the BJP protested the Government’s handling of the issue demanding the resignation of the prime minister and refused to have a debate in the Parliament. The CAG report criticised the Government by saying it had the authority to allocate coal blocks by a process of competitive bidding, but chose not to. While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. Over the course of 2012, however, the question of corruption came to dominate the discussion. The scandal was first exposed due to the CAG report in the matter in December 1995. Bihar animal husbandry department against non-existent supplies of fodder and medicines.

These courses will only be accepted if the course provider issues a certificate of completion and the certificate contains the number of CPE hours earned for the course. He or she is the head of Indian Audit and Accounts Department. Documentation should be in the form of a letter, article 148 of Constitution of India”. That I will duly and faithfully and to the best of my ability, cAG ‘activism’ gets the thumbs up”. CBI orders prosecution of Laloo, as all certificates are owned by ISACA, the book titled Indian Polity by M Laxmikanth of Tata Mcgraw hills Publication is one of the best book to prepare for it. CPE hours for a three, please Login to View Your Quick Links. Activities include mentoring efforts directly related to coaching, certifieds can also renew by submitting the information on the annual renewal invoice.