Audit Diwas and Accountants General Conference, 2023

'Driving Change 2030: Empowering Actions to Shape Our Future'

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About Accountants General Conference

The institution of the Comptroller and Auditor General of India has evolved through legislation, practice and tradition over a period of more than 150 years. It traces its origin to the office of the Accountant General to the Government of India set up in 1858 in British India. The first Auditor General was appointed in November 1860. The auditing functions of the Auditor General of India were detailed in the Audit and Accounts Order, 1936 which largely forms the basis of the audit mandate of the Comptroller and Auditor General of India post-independence. The first Indian Comptroller and Auditor General of independent India took over in 1948.

The Accountants General Conference is a platform where the entire top level management of the IA&AD comes together to review, discuss and recommend the direction in which the IA&AD needs to move in order to fulfill its mandated duties in the best possible manner. It offers a forum for exchange of ideas, grappling with evolving issues and experience sharing. To date, 30 Accountants General Conferences have been held.

The Constitution

The mandate of Comptroller and Auditor General as well as his appointment are covered in Articles 148 to 151 of the Constitution of India. Article 148 envisages the Comptroller and Auditor General of India as an independent constitutional authority. Article 151 prescribes that the reports of the Comptroller and Auditor General relating to the accounts of the Union and the States will be submitted to the President or the Governor of the State who shall cause them to be laid in the Parliament or the State legislature.

CAG’s (Duties, Powers and Conditions of Service) Act 1971

The CAG’s (Duties, Powers and Conditions of Service) Act 1971 describes duties and powers of the Comptroller and Auditor General of India which are broadly centered around audit of Government transactions and advising the Government on the form of accounts. Till such time that the Parliament decides otherwise, the duty of compiling the accounts of the State governments also rests with the Comptroller and Auditor General of India.

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CAG and Governance

Indian Audit and Accounts Department (IA&AD), headed by the Comptroller and Auditor General of India, constantly strives to discharge its professional duties, both as an auditor and an accountant, in accordance with international best practices. Today auditors are seen as partners in upgrading governance and audit reports serve as an aid to the Government. In the public domain, there is an increasing awareness and demand for transparency and accountability in public sector service delivery. The Comptroller and Auditor General of India is perceived as the agency mandated to keep a watch on economic, efficient and effective governance. The foundation of sound governance with accountability rests on a system of robust public financial reporting.

Striving for Improvement

The environment in which audited entities, and consequently audit, functions is very dynamic - both in terms of structure and methods of implementation of public policy as well as in the practice of audit and accounting. In order to keep pace with this dynamic environment, it is important that the IA&AD keeps reinventing and rejuvenating itself. A regular internal and external consultative process facilitates this effort to adapt and upgrade professional practices, structures and methods of functioning. With this in mind, the IA&AD regularly organizes seminars, conferences and workshops.

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