GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year was the decision of separating accounting function from audit function taken by the Central Government for its financial administration?
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1975
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1976
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1977
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1978
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Explanation:
Detailed explanation-1: -the Correct Answer is 1976. In 1971 the central government enacted the Comptroller and Auditor General (Duties, Powers, and Conditions of Service) Act, 1971. The act made CAG responsible for both accounting and auditing duties for central and state governments. In 1976 CAG was relieved from accounting functions.
Detailed explanation-2: -Head of the Indian Audit and Accounts Department-created in 1753.
Detailed explanation-3: -Amendment act, 1976 no. This Act may be called the Comptroller and Auditor-General’s (Duties, Powers and Conditions of Service) Amendment act, 1976. 2. It shall be deemed to have come into force on the 1st day of March, 1976.
There is 1 question to complete.