Who is present CAG of India?

What is the Article 148?

Article 148 – Comptroller and Auditor-General of India

There shall be a Comptroller and Auditor-General of India who shall be appointed by the President by warrant under his hand and seal and shall only be removed from office in like manner and on like grounds as a Judge of the Supreme Court.

Is CAG part of union executive?

Under Chapter I (part V) of the Indian Constitution only the President, Council of Ministers, Attorney General are mentioned as part of Union Executive. The CAG is mentioned in Chapter V (Part V) as an independent body. … It means Prime Minister is the Real Executive leader of Union.

What is CAG Upsc?

CAG is an independent authority under the Constitution of India. He is the head of the Indian audit & account department and chief Guardian of Public purse. … Shri Rajiv Mehrishi is the incumbent CAG of India.

What is the difference between CAG and CGA?

UPSC May also ask you the difference between CGA and CAG. … While CAG is a constitutional body, CGA is not. While CAG is independent constitutional body, CGA works under Ministry of Finance and not a constitutional or statutory body.

What is difference between accounting and auditing?

Accounting maintains the monetary records of a company. Auditing evaluates the financial records and statements produced by accounting.

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What do auditors do?

Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made.