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Which of the following statements is/are correct regarding the Audit Board under the CAG?

(i) The Audit Board was established in 1968 on the recommendation of the Administrative Reforms Committee.

(ii) The Audit Board consists of five members, including a Chairman, all appointed by the CAG.

AOnly (i)

BOnly (ii)

CBoth (i) and (ii)

DNeither (i) nor (ii)

Answer:

A. Only (i)

Read Explanation:

Audit Board under the CAG

  • The Audit Board was constituted in 1968.

  • Its establishment was based on the recommendations of the Administrative Reforms Committee (ARC). The ARC, in its report, emphasized the need for a body to oversee the performance audit of government undertakings.

  • The primary role of the Audit Board was to assist the Comptroller and Auditor General (CAG) in conducting performance audits of public sector undertakings.

  • However, the Audit Board was abolished in 1990.

  • The functions that were previously performed by the Audit Board are now carried out by the CAG directly or through specialized audit teams.

  • Regarding the composition, statement (ii) is incorrect. The Audit Board did not consist of five members appointed by the CAG. Its structure and appointment process were different, and it was eventually discontinued.

Key Points for Competitive Exams:

  • Remember the year of establishment: 1968.

  • Key recommending body: Administrative Reforms Committee (ARC).

  • Note the abolition year: 1990.

  • Understand that its functions are now integrated within the CAG's mandate.

Related Questions:

Which of the following statements are correct about the Finance Commission of India?

i. The Finance Commission consists of a chairman and four other members appointed by the President.
ii. The recommendations of the Finance Commission are binding on the Union government.
iii. The Finance Commission recommends measures to augment the Consolidated Fund of a State to support panchayats and municipalities.
iv. The qualifications of the Finance Commission members are determined by the Parliament.

Which of the following statements about the CAG’s role and constitutional provisions is/are correct?

i. The CAG is described as the guardian of the public purse by Dr. B.R. Ambedkar.

ii. The duties and powers of the CAG are prescribed under Article 148 of the Constitution.

iii. The CAG submits three audit reports to the President, which are examined by the Public Accounts Committee.

iv. The CAG audits the accounts of all corporations without requiring statutory provisions.

Which of the following statements is/are correct regarding the independence of the CAG?

(i) The CAG’s salary and service conditions are determined by the Parliament and cannot be altered to his/her disadvantage after appointment.

(ii) The CAG is eligible for further office under the Government of India or any state after ceasing to hold office.

Which of the following pairs are correctly matched?

  1. Swaran Singh Committee : Fundamental Duties
  2. Balwant Rai Mehta Committee : Three-tier system of Panchayati Raj Institutions
  3. Rajamannar Committee : Two-tier system of Panchayati Raj Institutions
  4. Ashok Mehta Committee : Centre-State relations

    Which of the following statements about the powers of the SFC are correct?

    1. The Commission can summon and enforce the attendance of any person as a witness.

    2. The Commission's powers are equivalent to those of a Criminal Court under the Code of Criminal Procedure, 1973.

    3. The Commission has the authority to require any individual or entity to furnish information on relevant matters.