KR Sriram
Principal Accountant General
(Economic & Revenue Sector Audit)
Andhra Pradesh
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Article 148
 Appointment of CAG; removal (similar to Supreme
Court Justice); not eligible for further office
 Conditions of service of staff of Indian Audit and
Accounts Department (IA&AD) prescribed after
consultation with CAG
 CAG office expenditure “charged” on Consolidated
Fund of India
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Articles 149 & 150
 Duties and powers in relation to accounts prescribed
by law made by Parliament; form of accounts of Union
and States prescribed by President on advice of CAG
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Article 151
 CAG’s Reports on Union submitted to President for
laying in Parliament; Reports on State submitted to
Governor for laying in State Legislature
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CAG’s (Duties, Powers and Conditions of Service)
Act, 1971
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Union & State Governments
Bodies or Authorities substantially financed by
Government
Government Companies
“Entrusted” Audits
Audit of Urban Local Bodies (ULBs) and
Panchayati Raj Institutions (PRIs) – Technical
Guidance & Supervision
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Director General/ Principal Director of Audit
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Ministries and Departments
Central Receipts
Defence
Indian Railways
Posts and Telecommunications
Overseas Establishments
Central Government PSUs
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Principal Accountant General/ Accountant
General
 General & Social Sector Audit
 Economic & Revenue Sector Audit
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Restructuring of offices in April 2012
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Principal Accountant General/ Accountant
General (Accounts & Entitlements)
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Compilation of monthly and annual accounts
Maintenance of Provident Fund accounts
Authorisation of Pension & Gratuity
House Building & Other Advances/ Payslips of selected
categories of officials
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Headquarters Office
 CAG; Deputy CAGs; Addl. Deputy CAGs
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Field Offices
 Principal Accountant General/ Accountant General or
Director General/ Principal Director
 Senior Deputy AG/ Deputy AG or Director/ Deputy Director
 Assistant Accountant General
 Supervisory Officials
 Sr. Audit/ Audit or Accounts Officers
 Asst. Audit or Accounts Officers
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Regulations on Audit & Accounts
Auditing Standards
Types of Audit
 Financial Audit
 Correctness of financial statements
 Compliance Audit
 Compliance with laws, rules & regulations
 Financial propriety
 Performance Audit
 Programmes/ schemes/ organisation/ activities
 Economy of costs; efficiency of operations; and effectiveness
(achievement of intended objective)
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Prior intimation to office about proposed audit
Entry Conference (for performance audits)
Field audit work
Draft audit findings/ report for obtaining
Departmental responses
Exit Conference
Audit Report
Follow-up
 Examination by Public Accounts Committee/ Committee
on Public Undertakings
 Action Taken Reports
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Performance Audits
 Renewed focus/ resources applied to performance
audits (reduced emphasis on compliance audits)
 Guidelines & methodologies revised in line with
international best practices
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Compliance audits being revamped
 Thematic audits
 Department-centric audits
 District-centric audits
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Audit Techniques
 Going beyond examination of files & documents to
cover
 Physical inspection of sites/ works
 Survey of beneficiaries
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Website of CAG of India
www.cag.gov.in or www.saiindia.gov.in