In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)?
- 1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/financial emergency.
- 2. CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee.
- 3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances.
- 4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law.
Which of the statements given above is/are correct?
- 2 and 3 only
- 1, 2, 3 and 4
- 2 only
- 1, 3 and 4 only