• CAG submits 3 audit reports to President on appropriation account, finance account, public undertaking.
• Laid by president before both the houses, then public accounts committee examines it and lays down its findings in parliament.
• His certificate is final.
• Audits CF, Public accounts, Contingency fund of India, states and uts.
• Audits departments of state and center; receipts and expenditure of both; bodies, authorities, govt companies.
• Submits reports of state to governor and central to president. (Art 151)
• Audits all transactions of both.
• Powers given under Art 149.
• Salary and removal like SC judge.
• It says Comptroller and Auditor General but in reality is only auditor general and has no right over drawing of money from consolidated fund of India, concerned at audit stage only when expenditure has already been done. Britain CAG has both the powers
• Comptroller- money controller, m stands for money.
• Audit under CAG- ONGC, DVC (Damodar Valley Corporation)
• Partial under CAG- Industrial Finance Corporation, Central Warehouse Corporation
• Not under CAG- RBI, SBI, FCI, Insurance Corporation of India (ICI)
• Art 148-151