Regulation 162 — Audit Regulations 2020
Original Rule Text
# 162. Provisions of the Act regarding accounts
(1) Under Section 10 read with Section 2
(e) of the Act, the Comptroller and Auditor General shall be responsible for compiling the accounts and for keeping related accounts of the Union and of each State and Union Territory having a legislative assembly from the initial and subsidiary accounts rendered to offices under his control by treasuries, offices or departments responsible for keeping of such accounts. The President in the case of the Union including Union Territories and the Governor with the previous
Regulations on Audit and Accounts 2020 85
approval of the President in the case of a State, may after consultation with the Comptroller and Auditor General, by order, relieve him from the responsibility of compiling or keeping the accounts of the Union including Union Territory or of the State or of any particular services or departments of the Union including Union Territory or the State. (2) Under Section 11 of the Act, the Comptroller and Auditor General shall submit these accounts, wherever these responsibilities continue with him, to the President or the Governor of a State or Administrator of the Union Territory having a legislative assembly, as the case may be. (3) Under Section 12 of the Act, the Comptroller and Auditor General shall in so far as the accounts, for the compilation or keeping of which he is responsible, enable him so to do, give information and render assistance to the Union Government or the State Government or the Government of Union Territory having a legislative assembly, as they may from time to time require. (4) Section 23 of the Act authorises the Comptroller and Auditor General to lay down general principles of Government accounting.
What This Means
This regulation details the CAG's statutory responsibilities for accounts. Under Section 10 of the CAG's Act, the CAG compiles accounts of the Union and State Governments from records rendered by treasuries and departments. The President or Governor (with Presidential approval) can relieve the CAG of this responsibility for specific services or departments. Under Section 11, the CAG submits compiled accounts to the President or Governor. Under Section 12, the CAG provides information and assistance to governments. Section 23 authorizes the CAG to lay down general principles of government accounting.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Section 10: CAG compiles accounts from initial records by treasuries and departments
- 2The CAG can be relieved of account compilation by Presidential/gubernatorial order
- 3Section 11: CAG submits compiled accounts to the President/Governor
- 4Section 12: CAG provides accounting information and assistance to governments on request
- 5Section 23: CAG lays down general principles of government accounting
Practical Example
The AG (Accounts and Entitlement) Madhya Pradesh compiles the state's monthly and annual accounts from the initial accounts rendered by all district treasuries and departmental drawing officers. These compiled accounts — including the Finance Accounts and Appropriation Accounts — are submitted to the Governor. If the state government needs specific financial data (say, total expenditure on tribal welfare across all departments for the last 5 years), the AG provides this information and assistance under Section 12. The general principles governing how all these accounts are maintained are laid down by the CAG under Section 23.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What does it mean for the CAG to be 'relieved' of account compilation?▼
Do all states still have the CAG compile their accounts?▼
What kind of assistance does the CAG provide under Section 12?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.