Para 12.7 — CAM
Original Rule Text
12.7 CERTIFICATION OF FINANCE ACCOUNTS:
12.7.1 After the preparation of the Finance Accounts along with the statements, a certificate is recorded on Finance Accounts by the CGA, which is countersigned by the Secretary Expenditure, Ministry of Finance. The Comptroller and Auditor General of India thereafter records the audit certificate and presents it to Government, for placing before the Parliament.
What This Means
After the Finance Accounts and all its 17 statements are prepared, the Controller General of Accounts records a certificate on the accounts. This is then countersigned by the Secretary, Department of Expenditure, Ministry of Finance. The Comptroller and Auditor General of India then records the Audit Certificate and presents the accounts to the Government for laying before Parliament.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1CGA records a certificate on the completed Finance Accounts
- 2Secretary (Expenditure), Ministry of Finance countersigns the certificate
- 3CAG records the Audit Certificate after CGA and Secretary have signed
- 4Finance Accounts are then presented to Government for placing before Parliament
Practical Example
After months of compilation, the Finance Accounts for the year are ready. The CGA reviews all 17 statements, ensures they are reconciled and accurate, and records the certificate. The Secretary (Expenditure) countersigns. The accounts then go to the CAG of India, who reviews them, records the Audit Certificate noting any observations, and presents them through the Ministry of Finance to the President, who causes them to be laid before Parliament.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why does the Secretary (Expenditure) countersign, not any other Secretary?▼
What is the sequence of certification?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.