What is the main purpose of the office of the Comptroller and Auditor General (CAG)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Investigating and reporting on financial transactions.
The main purpose of the office of the Comptroller and Auditor General (CAG) is investigating and reporting on financial transactions of the government. The CAG acts as the guardian of public funds, ensuring transparency and accountability in the use of resources. It audits expenditures of both central and state governments, including public sector undertakings, to check whether money is spent legally and efficiently. By submitting reports to legislatures, the CAG strengthens democratic control over finances and prevents misuse of public money.