Mamata denies allegations in CAG report, writes to PM
- After the Comptroller and Auditor General (CAG) released a report alleging fraud and siphoning of funds by the West Bengal government,
- Chief Minister wrote to the Prime Minister, stating that the allegations were false and her government had provided all utilisation certificates.
Comptroller and Auditor General of India
- It is a constitutional authority which heads the Indian Audit and Accounts Department (IA&AD).
- The two entities are known as the Supreme Audit Institution of India (SAI).
- Article 148 provides for an independent office of the CAG.
Role of Audits in a Democracy like India
- Transparency and Accountability
- Preventing Financial Mismanagement
- Improving Efficiency and Effectiveness
- Global Standards and Collaborations
Way forward
- Streamlining Audit Processes
- Efficient Workflow
- Digital Transformation
- Promoting Transparency and Accountability
- Timely Reporting
Prelims Takeaway
- Supreme Audit Institution of India
- CAG