Q. Consider the following statements regarding the Supreme Audit Institutions (SAIs):
1.These are judicial entities that prosecute financial crimes and impose penalties on government officials for mismanagement of public resources.
2.The International Organization of Supreme Audit Institutions (INTOSAI) sets standards and promotes good practices for SAIs globally.
3.In India, the SAI is represented by the Comptroller and Auditor General (CAG) of India.
Which of the statements given above are correct?
Explanation –
Statement 1 is incorrect. SAIs are not judicial entities. They are independent national institutions responsible for auditing government activities and ensuring accountability in the use of public funds. They do not have the authority to prosecute or impose penalties; instead, they provide oversight and report their findings to legislative bodies.
Statements 2 and 3 are correct. INTOSAI is an autonomous, independent, and non-political organization that works to promote auditing standards, good governance of SAIs, and SAI independence worldwide. It serves as an umbrella organization for the external government audit community. The Comptroller and Auditor General (CAG) of India is the Supreme Audit Institution of India. It is responsible for auditing all receipts and expenditures of the Government of India and state governments.
Source: The Hindu
