The CAG also serves as the head of the Indian Audit and Accounts Department, overseeing its functions managed by officers of the Indian Audit and Accounts Service. The Government of India enacted the Comptroller and Auditor General of India Act, 1971 in 1971, relieving the CAG of accounting responsibilities in 1976. The establishment and functions of the CAG are outlined in Articles 148 to 151 of the Indian Constitution. The CAG is ranked 9th in seniority, equal to a sitting judge of the Supreme Court of India. Girish Chandra Murmu, former Lieutenant Governor of the Union Territory of Jammu and Kashmir, currently serves as the 14th CAG of India. If you want to buy a Comptroller and Auditor General of India postage stamp or Miniature Sheet then visit Philacy.com
16-11-2010: Comptroller and Auditor General of India Postage Stamp
Original price was: ₹160.00.₹120.00Current price is: ₹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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