Question

Q.43 :-Which of the following distinguishes the audit of the CAG from
the audit made by professional auditors?
Audit of authority
Audit of Appropriation
Audit of Accountancy
o
Audit of propriety​

Answer 1

Answer:

In a democracy, those holding power and positions of responsibility must be answerable for their actions. For this purpose the Constitution has mandated several institutional mechanisms like the Judiciary, Vigilance bodies and an independent Supreme Audit Institution (SAI).The Comptroller and Auditor General of India (CAG) and the Indian Audit and Accounts Department (IAAD) functioning under him, constitute the Supreme Audit Institution of India. The Constitution of India has mandated us as the auditors to the nation. We are thus an instrument for ensuring accountability. Articles 149-151 of the Constitution prescribe the unique role of the CAG.

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