Which of the following duties is not performed by the Comptroller and
Right Answer is: D
CAG performs following duties under CAG (Duties, Powers & Conditions of Service) act, 1971 as provided under article 149-
• Auditing the accounts –He audits the accounts related to all expenditure drawn from the Consolidated Fund of India, consolidated fund of every state and consolidated fund of every union territory having a Legislative Assembly.
• Auditing of Expenditure- He audits of all expenditure from the Contingency Fund of India and the Public Account of India as well as the contingency funds and the public accounts of each states.
• Auditing the receipts and expenditure-
a) He Audits the receipts and expenditure of the Government of India and each state to ensure that the rules and procedures in that behalf are designed to secure an effective check on the assessment, collection and allocation of revenue.
b) He Audits the receipts and expenditure of the following:
• All bodies and authorities substantially financed from the Central or state revenues.
• Government companies
• Other corporations and bodies when so required by related laws.
• Auditing of department of the Central Government and state governments- He audits of all trading, manufacturing, profit and loss accounts, balance sheets and other subsidiary accounts of any department of the Central Government and state governments.
• Auditing all the transactions of the Central and state governments- He audits all transactions of the Central and state governments related to debt, sinking funds, deposits, advances, suspense accounts and remittance business. He also audits receipts, stock accounts and others, with approval of the President, or when required by the President.
• Auditing the accounts of any other authority when requested by the President or Governor. For example, the audit of local bodies.
ii) Under article 150, he advices the President with regard to prescription of the form in which the accounts of the Centre and the states shall be kept.
iii) Under article 151 he Submits his audit reports relating to the accounts of the Central Government to the President, who shall, in turn, place them before both the Houses of Parliament. He also submits his audit reports relating to the accounts of a state government to the Governor, who shall, in turn, place them before the state legislature.
iv) Under article 279 he ascertains and certifies the net proceeds of any tax or duty. This certificate is final. The ‘net proceeds’ means the proceeds of a tax or a duty minus the cost of collection.
v) In respect to the Public Accounts Committee- He acts as a guide of the Public Accounts Committee of the Parliament.
vi) He compiles and maintains the accounts of state governments.
Report of Performance of CAG- He submits following three audit reports to the President which are laid down before both the houses of Parliament:
• Audit Report on Appropriation Accounts
• Audit Report on Finance Accounts
• Audit Report on Public Undertakings