The scope of audit includes –
The mandate of CAG includes audit of receipts and expenditure from the Consolidated Fund of India/state/UTs.
- Transactions relating to Contingency Funds and Public Accounts.
- Trading manufacturing, profit and loss accounts and balance sheets, and other subsidiary accounts kept in any Government Department.
- Accounts of stores and stock kept in Government offices or departments.
- Government companies as per the provisions of the Companies Act, (1956)/2013.
- Corporations established by or under laws made by legislature.
- Authorities and bodies substantially financed from the Consolidated Funds.
- Anybody or authority even though not substantially financed from Consolidated Fund, the audit of which may be entrusted.
- Grants & loans given by Government to Bodies and Authorities for specific purposes.
- Panchayati Raj Institutions & Urban Local Bodies.
The audit mandate also provides for the periodic inspection of records and accounts of Government Departments to supplement the audit of vouchers and sanctions that are with the account offices.
Article 151, authorizes the CAG to submit his report relating to the accounts of Union or State to the President or Governor of the state, as the case may be, who shall cause them to be laid before each House of Parliament or Legislature of the state.
- The audit of accounts being in Union list of the Constitution of India, the Office of the AG J&K was part of state Government’s own establishment till 30th April 1958 on account of special Constitutional arrangement of the state as embodied in Article 370 of the Constitution of India, However, on 1st May 1958, the jurisdiction of CAG was extended to the state as well and this office as part of the establishment of CAG has been performing the duties and exercising the powers in relation to the accounts of the state in accordance with the CAG’s mandate as above.