Section 14 of CAG Act : Section 14: Audit Of Receipts And Expenditure Of Bodies Or Authorities Substantially Financed From Union Or State Revenues

Explanation using Example

Imagine a scenario where a government-funded research institute receives a grant of INR 30 lakhs from the Consolidated Fund of India, which accounts for 80% of its total expenditure in a financial year. According to Section 14(1) of The Comptroller Auditor-General's (Duties, Powers and Conditions of Service) Act, 1971, the Comptroller and Auditor-General (CAG) has the authority to audit both the income and the expenditure of this institute. The CAG can then report on their findings, ensuring that the funds pr...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.