16-11-2010: Comptroller and Auditor General of India Postage Stamp

120.00

Indian Constitution under Article 148, the Comptroller and Auditor General of India (CAG) has the supreme authority over auditing within the country. Its mandate includes auditing the financial transactions of both the central and state governments, as well as autonomous institutions and government-backed corporations. CAG acts as the statutory auditor for government-owned corporations and conducts supplementary audits for government companies with a minimum of 51% government equity or their subsidiaries. The reports produced by the CAG are scrutinized in Parliament and legislatures, where they are deliberated by special committees such as Public Accounts Committees (PACs) and Committees on Public Undertakings (COPUs). The Indian Postal Department issued the Comptroller and Auditor General of India postage stamp in his honor.

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