Description : Which among the following Act suggested for the post called Comptroller and Auditor General? (1) 1909 Act (2) 1919 Act (3) 1935 Act (4) 1947 Act
Last Answer : (3) 1935 Act Explanation: The Comptroller and Auditor General Of India was originally called the Accountant General to the Government of India in 1858 and later designated as the Auditor ... responsibility for the accounting and audit of the Government of India and eleven provincial governments.
Description : When the offices of the President and Vice President fall vacant simultaneously, who acts as President? (1) Prime Minister of India (2) The Chief Justice of India (3) The Speaker of Lok Sabha (4) The Comptroller and Auditor General of India
Last Answer : (2) The Chief Justice of India Explanation: Parliament has by an enactment made provision for the discharge of the functions of the President when vacancies occur in the offices of the President ... Vice-President begins to act as President under Article 65 of the Constitution, whichever is earlier.
Description : The Comptroller and Auditor General of India acts as the chief accountant and auditor for the – (1) Union Government (2) State Government (3) Union and State Governments (4) Neither Union nor State Governments
Last Answer : (3) Union and State Governments Explanation: The Comptroller and Auditor General of India is an authority, established by the Constitution of India under Chapter V, who audits all ... substantially financed by the government. The CAG is also the external auditor of governmentowned companies.
Description : Comptroller and Auditor General of India is appointed by
Last Answer : President
Description : Who among the following holds office during the pleasure of the President of India? (1) Chief Election Commissioner (2) Comptroller and Auditor General of India (3) Chairman of the Union Public Service Commission (4) Governor of a State
Last Answer : (2) Comptroller and Auditor General of India Explanation: The appointment to all constitutional posts is made by the President of India. This includes the Chief justice, the Election Commissioner, ... of the Union Public Service Commission holds office during the pleasure of the President of India.
Description : Being the non-member, who among the following can participate in the proceedings of either house of the Parliament without having right to vote? (1) ChiefJustice of India (2) President of India (3) Comptroller and Auditor General (4) Attorney General
Last Answer : (4) Attorney General Explanation: The Attorney General is responsible for giving advice to the Government of India in legal matters referred to him. He also performs other legal duties assigned to him by ... well as the right to participate in the proceedings of the Parliament, though not to vote.
Description : The Comptroller and Auditor General is closely connected with which of the following Committees of Parliament? (1) The Estimates Committee (2) The Committee on Public Undertakings (3) The Public Accounts Committee (4) All of these
Last Answer : (3) The Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament for the auditing of the revenue and the expenditure of the ... after it is laid in the Parliament. CAG assists the committee during the course of investigation.
Description : What is the period of appointment of the Comptroller and Auditor - General of India? (1) 6 years (2) Up to 65 years of age (3) 6 years or 65 years of age whichever is earlier (4) Up to 64 years of age
Last Answer : (3) 6 years or 65 years of age whichever is earlier Explanation: The term length of the Comptroller and Auditor General of India is 6 yrs or up to 65 yrs of age (whichever ... and authorities substantially financed by the government. The CAG is also the external auditor of governmentowned companies
Description : The Parliamentary Committee which scrutinises the report of the Comptroller and Auditor General of India is – (1) Estimates Committee (2) Select Committee (3) Public Accounts Committee (4) None of these
Last Answer : (3) Public Accounts Committee Explanation: The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the expenditure ... the course of investigation. None of the 22 members shall be a minister in the government.
Description : The office of the Comptroller and Auditor General of India was created - (1) through an Act of the Parliament (2) by the Constitution (3) through a Cabinet Resolution (4) none of the above
Last Answer : (2) by the Constitution Explanation: Article 148 of the Constitution of India provides for an independent office to the Comptroller and Auditor General (CAG) of India. CAG is appointed by President of India.
Description : Who is called the Guardian of public purse? (1) President (2) Comptroller and Auditor-General (3) Parliament (4) Council of Ministers
Last Answer : (2) Comptroller and Auditor-General Explanation: The Constitution of India (Article 148) provides for an independent office of the Comptroller and Auditor General of India (CAG). He controls the entire financial system of the country at the Centre and the State.
Description : Who among the following can attend the meetings of both Houses of Parliament while being not a member of either of the Houses? (1) Solicitor-General of India (2) Vice-President of India (3) Comptroller and Auditor-General of India (4) Attorney General of India
Last Answer : (3) Comptroller and Auditor-General of India Attorney General of India Explanation: He has the right to speak and to take part in the proceedings of both houses of parliament or their joint sitting.
Description : Who among the following holds his office at the pleasure of the President? (1) Chairman of the Union Public Service Commission (2) Attorney General of India (3) Speaker of the Lok Sabha (4) Comptroller and Auditor General of India
Last Answer : (2) Attorney General of India Explanation: The term of Office of the AG is not fixed by the constitution. Further the Constitution does not contain the procedure and grounds for his removal. He holds office during the pleasure of the president.
Description : What is the Terms of the Comptroller and Auditor General of India? (1) 6 years (2) upto 65 years of age (3) 6 years or 65 years of age, whichever earlier (4) upto 64 years of age
Last Answer : (3) 6 years or 65 years of age, whichever earlier Explanation: CAG of India holds office for 6 years or 65 years of age, which ever earlier.
Description : The Comptroller and Auditor General is appointed by the President. He can be removed - (1) by the President (2) on an address from both Houses of Parliament (3) on the recommendation of the President by the Supreme Court (4) by CJI
Last Answer : (2) on an address from both Houses of Parliament Explanation: The Comptroller and Auditor General can be removed on an address from both Houses of Parliament. The Comptroller and Auditor General (CAG) of India is an authority, established by the' Constitution of India under Chapter V.
Description : The office of the Comptroller and Auditor General of India was created – (1) Through an act of the parliament (2) By the Constitution (3) Through a cabinet resolution (4) None of the above
Last Answer : (2) By the Constitution Explanation: CAG of India was created by the constitution of India. (Article 148-151)
Description : The comptroller and Auditor General of India - (1) Can be appointed as a member of UPSC after his retirement (2) Can be appointed as the Chairman of State Public Service commission (3) Is ... or the state government after his retirement (4) Can be appointed to any office after his retirement
Last Answer : (3) Is not eligible for any further office either under the Central government or the state government after his retirement Explanation: The Comptroller and Auditor General of India is not ... the central government or state government after his retirement current CAG of India - Rajiv Mehrishi.
Description : Who amongst the following is not entitled to take part in the activities of Lok Sabha? (1) The Comptroller and Auditor General of India (2) The Attorney General of India (3) The Solicitor General (4) The Secretary to President of India.
Last Answer : (4) The Secretary to President of India. Explanation: The secretary to the president of India is not entitled to take part in the activities of Lok Sabha. Other can take part.
Description : Parliament exercises control over public expenditure through – (1) Advocate General (2) Comptroller and Auditor General (3) Commerce Minister (4) Finance Minister
Last Answer : (2) Comptroller and Auditor General Explanation: The Comptroller and Auditor General of India is one such post/mechanism by which the Parliament exercises control over public expenditure. He audits ... the constitution of India and laws of the Parliament in the field of financial administration.
Description : Which officer of the Government of India has the right to take part in the proceedings of Parliament of India even though he is not a member? (1) Vice President (2) Attorney General of India (3) Comptroller and Auditor General (4) Election Commissioner
Last Answer : (2) Attorney General of India Explanation: Attorney General of India has the right to take part in the proceedings of parliament of India even though he is not a member.
Description : Which functionary can be invited to give his opinion in the Parliament? (1) Attorney-General of India (2) Chief Justice of India (3) Chief Election Commissioner of India (4) Comptroller & Auditor General of India
Last Answer : (1) Attorney-General of India Explanation: The Attorney General of India is the Indian government's chief legal advisor, and its primary lawyer in the Supreme Court of India. He is appointed by ... legal matters referred to him. He also performs other legal duties assigned to him by the President.
Description : Who among the following is not appointed by the President of India? (1) The Attorney General of India (2) The Solicitor General of India (3) Special officer for linguistic minorities (4) Comptroller and Auditor General of India
Last Answer : (2) The Solicitor General of India Explanation: Whereas attorney general for India is appointed by the President under Article 76 (1) of the constitution, the Solicitor general of India ... attorney general along with four additional solicitors general by the Appointments Committee of the cabinet.
Description : Who constitutes the Finance Commission after every five years? (1) The Council of Ministers (2) The Parliament (3) The President (4) The Comptroller and Auditor General
Last Answer : (3) The President Explanation: Article 280 of the Indian Constitution deals with the Finance Commission. The Finance Commission of India came into existence in 1951. It was established under Article 280 ... of India. It was formed to define the financial relations between the centre and the state.
Description : Money can be spent out of the Consolidated Fund of India with the approval of – (1) The Parliament (2) The Speaker of Lok Sabha (3) The Comptroller and Auditor General (4) The President
Last Answer : (1) The Parliament Explanation: Items charged on the Consolidated Fund of India can be discussed but not voted upon in any House of the Parliament. No demand for grant under this head can be reduced or rejected.
Description : The term of office of the Comptroller and Auditor General of India is – (1) 3 years (2) 4 years (3) 5 years (4) 6 years
Last Answer : (4) 6 years Explanation: The term length of the Comptroller and Auditor General of India is 6 yrs or up to 65 yrs of age (whichever is earlier). He is an authority, ... of India and the state governments, including those of bodies and authorities substantially financed by the government.
Description : Comptroller and Auditor General of India is appointed by the – (1) Prime Minister (2) President (3) Finance Minister (4) Lok Sabha
Last Answer : (2) President Explanation: The Comptroller and AuditorGeneral of India is appointed by the President of India following a recommendation by the Prime Minister. On appointment, he/she has to make an oath or affirmation before the President of India.
Description : The Comptroller and Auditor General of India submits his report relating to the accounts of the Union to the - (1) Finance Minister (2) Prime Minister (3) President (4) Chief Justice of the Supreme Court
Last Answer : (3) President Explanation: As per Article 151 of Indian constitution, the reports of the Comptroller and Auditor-General of India relating to the accounts of the Union shall be submit-ted to the ... reports relating to the accounts of a State shall be submitted to the Governor of the State.
Description : Which of the following articles of Indian Constitution empowers the president to appoint Comptroller and Auditor General of India? (1) Article 147 (2) Article 148 (3) Article 149 (4) Article 151
Last Answer : (2) Article 148 Explanation: Article 148 deals with Comptroller and Auditor-General of India's appointment. Article 149 deals with duties and powers of the CAG. Article 151 deals with audit reports of CAG.
Description : The term of Comptroller and Auditor General of India is
Last Answer : 6 years
Description : What is the term of the appointment of comptroller and auditor general of India
Last Answer : 6 years or up to the age of 65 years whichever is earlier
Description : Who appoints the comptroller and auditor general of India
Description : The committee which examines the audit report of comptroller and auditor general of India, is
Last Answer : Public Accounts Committee
Description : Who among the following holds office during the pleasure of the President of India? (A) Chief Election Commissioner (B) Comptroller and Auditor General of India (C) Chairman of the Union Public Service Commission (D) Governor of a State
Last Answer : (D) Governor of a State
Description : My 24 yr old daughter just got a biology degree, she interns (unpaid) at the mayo and is accepted into a 15 month program to get an RN degree. No more scholarships for post grad so Iv'e suggested military options? Any advice?
Last Answer : You mean like get your head examined? You can’t tell if someone in such a position would be sent to a field hospital, so you should carefully consider this, and keep in mind anything a recruiter tells you is bullshit. If she can do this, and stay in the USA, well, business is booming.
Description : When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Include audit procedures which have a strong probability of detecting illegal ... c. Still include some audit procedures designed specifically to uncover illegalities. d. Ignore the topic
Last Answer : Make inquiries of management regarding their policies and regarding their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities
Description : .If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have a material, but indirect effect on-the financial statements, the auditor ... d. Discuss the evidence with the client's audit committee, or others with equivalent authority.
Last Answer : Apply audit procedures specifically directed to ascertaining whether an illegal act has occurred
Description : Which of the following statements is correct concerning the auditor's responsibility with respect to illegal acts? a. An auditor must design tests to detect both direct-effect and indirect- ... auditor must design tests to detect both material direct-effect and material indirect-effect illegal acts
Last Answer : An auditor must design tests to obtain reasonable assurance of detecting material direct-effect illegal acts.
Description : Certain fundamental beliefs called "postulates" underlie auditing theory. Which of the following is not a postulate of auditing? a. Economic assertions can be verified. b. The auditor acts exclusively ... long-term conflict exists between the auditor and the management of the entity under audit
Last Answer : An audit has a benefit only to the owners
Description : Required auditor communication to the Audit Committee concerning noncompliance with laws and regulations that were detected includes: a. All those which are not adequately addressed by management. b. All those that constitute management fraud. c. All material items. d. Any of such acts.
Last Answer : Any of such acts.
Description : When planning the audit, if the auditor has no reason to believe that illegal acts exist, the auditor should a. Make inquiries of management regarding their policies and their knowledge of ... Ignore the topic. d. Include audit procedures which have a strong probability of detecting illegal acts
Last Answer : Make inquiries of management regarding their policies and their knowledge of violations, and then rely on normal audit procedures to detect errors, irregularities, and illegalities
Description : The most likely explanation why the auditor's examination cannot reasonably be expected to bring all illegal acts by the client to the auditor's attention is that a. Illegal acts are perpetrated by ... testing. d. Illegal acts may be perpetrated by the only person in the client's organization
Last Answer : Illegal acts by clients often relate to operating aspects rather than accounting aspects
Description : Auditor responsibility for identifying "direct effect" illegal acts differs from their responsibility for detecting a. Errors. b. Indirect-effect illegal acts. c. Fraud. d. Management fraud
Last Answer : Indirect-effect illegal acts.
Description : Which of the following statements is correct relating to the auditor's consideration of fraud? a. The auditor's interest in fraud consideration relates to fraudulent acts that cause a material ... d. Fraud always involves a pressure or incentive to commit fraud, and a misappropriation of assets
Last Answer : The auditor’s interest in fraud consideration relates to fraudulent acts that cause a material misstatement of financial statements.
Description : What is the responsibility of an auditor who is engaged to audit the financial statements of a government entity? a. Assess control risk with respect to each component of internal ... the statements are free of material misstatements resulting from illegal acts having direct or indirect effects
Last Answer : Obtain an understanding of the possible financial statement effects of laws and regulations having direct and material effects on amounts reported.
Description : Which of the following is a violation Confidentiality rule of the Code of Ethics? a. The CPA, in response to a court subpoena, submits auditor-prepared workpapers as evidence of possible illegal ... CPA, when questioned in court, admits to knowledge of certain illegal acts perpetrated by the client.
Last Answer : The CPA warns Client B as to the inadvisability of acquiring Client A. The CPA bases this warning on knowledge of Client A's financial condition and a belief that the management of Client A lacks integrity ... was obtained by the CPA as a result of auditing Client A during the past several year is.
Description : .A written understanding between the auditor and the client concerning the auditor's responsibility for the discovery of illegal acts is usually set forth in a(an) a. Letter of audit inquiry. b. Client representation letter. c. Management letter. d. Engagement letter
Last Answer : Engagement letter
Description : Which of the following acts of the CPA would be most likely a violation of the Code of Ethics? a. Assisting a client in preparing a financial forecast. b. Acting as auditor of a non- ... upon the result of an administrative proceeding. d. Having an immaterial loan to the president of an audit
Last Answer : Having an immaterial loan to the president of an audit
Description : From which department obtain sanction to change of date of Birth of a Government Servant who are working in the Indian Audit and Accounts a. Audit Department b. Concerned Ministry c. Comptroller and Audit - General
Last Answer : c. Comptroller and Audit - General
Description : When the Vice-President acts as President he gets the emoluments of which post? -General Knowledge
Last Answer : The answer is 'President'