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COMPTROLLER AND AUDITOR GENERAL OF INDIA

**COMPTROLLER AND AUDITOR GENERAL OF INDIA**

Overview

The Comptroller and Auditor General of India audits all receipts and expenditures of the Union and state governments
The CAG is empowered to audit all revenues and expenditures of the Union and state governments, whether incurred within India or outside
The CAG also acts as the external auditor for government owned companies
The CAG submits his reports to the President (in case of accounts relating to the Union Government) or to the state Governors (for state government accounts)
The reports of the CAG are taken into account by the Public Accounts Committee of Parliament and state legislatures
The CAG is also the head of the Indian Audits and Accounts Service (IA&AS)
The office of the CAG was established in 1860
The first CAG of India was V Narahari Rao (1948-1954)
The current CAG is Vinod Rai (2008 – present)



Terms of service

The Comptroller and Auditor General of India is appointed by the President
The CAG can only be removed from office in manner similar to a Judge of the Supreme Court
The salary and benefits of the CAG cannot be changed to his disadvantage during his tenure
The CAG is not eligible for further office under the Union of state governments
The expenses of the office of the CAG (including all salaries, allowances, pensions etc) is charged to the Consolidated Fund of India



The Indian Audits and Accounts Service (IA&AS)

The IA&AS is a central government service that functions under the Comptroller and Auditor General of India
The IA&AS is responsible for auditing the accounts of the Union and state governments and public sector undertakings
The IA&AS also maintains accounts of state governments
Under the IA&AS, each state has a Principal Accountant General in charge of audit functions
Each state also has several Accountants General in charge of accounts and entitlement functions
Recruitment to the IA&AS is through the Civil Services Exam
Once recruited, IA&AS officers are trained at the National Academy of Audit and Accounts, Simla