Comptroller and Auditor-General of India (CA

The powers of the CAG, regarding audits, are provided for in the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971. According to this act, the CAG can audit: · All receipts and expenditure from the Consolidated Fund of India and of the states and union territories. · All transactions relating to the Contingency Funds and Public Accounts. · All trading, manufacturing, profit and loss accounts and balance sheets and other subsidiary accounts kept in any department. · All stores and stock of all government offices or departments. · Accounts of all government companies set up under the Indian Companies Act, 1956. · Accounts of all central government corporations whose Acts provide for audit by the CAG. · Accounts of all authorities and bodies substantially funded from the Consolidated Fund. Accounts of any authority, even though not substantially funded by the government, at either the request of the Governor/President or at the CAG’s own initiative.