How Comptroller and Auditor General is appointed?
Comptroller and Auditor General
The CAG is the custodian of the entire financial system of the country. The President appoints the person for a period of 6 years or till the age of 65 years and the rank matches that if a Supreme Court Judge. It is his duty to see that no money is spent outside the Consolidated Fund of India or a state without the authority of proper legislation.
The CAG report is presented to the president of the respective State assembly. He audits all the expenditure from the contingency funds, public accounts of the union and the states, all trading, manufacturing, profit and loss accounts, receipts and expenditure, collection of revenue, allocation of revenue, etc, of the Union or State.
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