Tax Glossary Definition
Comptroller and Auditor General of India (CAG) – The Comptroller and Auditor General of India (CAG) is a constitutional authority responsible for auditing the receipts and expenditure of the central and state governments, as well as government-owned enterprises. The CAG ensures transparency, accountability, and efficient use of public funds in government operations.
Example: The CAG audits government departments and public sector undertakings to detect irregularities or misuse of funds and submits reports to the Parliament or State Legislatures.
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