Categories: National

Nation observed its 1st edition of Audit Diwas on 16th November

Audit Diwas is celebrated to mark the historic origin of the institution of Comptroller and Auditor General of India (CAG) and the contribution it has made to the governance, transparency and accountability over the past several years. Currently, former Lt. Governor of UT of Jammu Kashmir G. C. Murmu is serving as CAG of India. He is the 14th CAG of India. His tenure started in August 2020.

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About the CAG:

CAG is the Constitutional Authority in India. It was established in accordance with Article 148 of the Constitution of India. CAG is empowered to Audit all receipts and expenditures of the central as well as state governments. The CAG is the statutory auditor of Government-owned corporations. It conducts supplementary audits of government companies, where the Government is having an equity share of 51 per cent.

Reports of CAG:

Reports of the CAG are laid before Parliament or Legislatures. They are being taken up for discussion by Public Accounts Committees (PACs) and Committees on Public Undertakings (COPUs). PACs and COPUs are special committees in the Parliament and state legislatures.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.