alleryStart learning →Who audits the Contingency Fund of India?
AComptroller and Auditor General
BIncome Tax Appellate Tribunal
CSecurities Appellate Tribunal
DNational Company Law Tribunal
Answer & Solution
Correct answer: A. Comptroller and Auditor General
The CAG is empowered to audit all transactions relating to the Public Account and the Contingency Funds.
Keep practising Overview of Audit of Public Sector Undertakings
Browse all Overview of Audit of Public Sector Undertakings questions for CA Final, or explore more Auditing topics.
Related questions
Section 23 empowers the CAG to make regulations onRules under Section 22 are laid before Parliament for a total period ofSection 20 entrusts an audit to the CAG only where it is expedient inUnder Section 20(1), the CAG audits a body not entrusted to him by law if requested byUnder Section 19A, the Centre lays CAG company reports beforeBefore a Section 19(3) request is made, the corporation must be given a chance toUnder Section 19(3), who may request the CAG to audit a corporation created by State law?Under Section 19(2), a statutory corporation of Parliament is audited by the CAG per its