Comptroller & Auditor General of India (CAG)

Article 148 (1) states that there shall be a Comptroller and Auditor-General of India who shall be appointed by the President (for a full term of 6 years or 65 years of age whichever comes earlier) and shall only be removed from office in like manner and on like grounds as a Judge of the Supreme Court.Article 149 defines the duties and powers of the Comptroller and Auditor-General.

• He can be removed by the President on the basis of a resolution passed in the both Houses of the Parliament with special majority, either on the ground of proved misbehavior or incapacity.

Functions of CAG

• CAG audits the accounts related to all expenditure from the Consolidated Fund of India, consolidated fund of each state and consolidated fund of each union territory having Legislative Assembly.
• He audits all expenditure from the Contingency Fund of India and the Public Account of India in both Central and State level.
• He advices the President with regard to the prescription of the form in which the accounts of the center and the states shall be kept.
• Some of the types of audits CAG performs are- Regulatory Audit, Supplementary Audit, Propriety Audit, Efficiency Audit, Performance Audit, Environmental Audit etc.