"The Comptroller and Auditor General (CAG) has a very vital role to play." Explain how this is reflected in the method and terms of his appointment as well as the range of powers he can exercise.

Table 3 reports to President in governed: Audit report of Appropriation Account, Financial account and others Acts as a friend, philosopher, guide to the Public Accounts committee => Financial auditing CAG is the financial accountant of the Parliament & ensures executive accountability Mico conducts audits of various government companies like Narmada Valley corporation, ONGC, local government etc. Maintains State Accounts Limitations: Auditor general, not comptroller Expert Facto audit only Secret service expenditure => executive only Agencies require only a certificate from CAG Duality & conflict of interest in appointment Way forward: Amendment to CAG Act (Vidraj Raj Comm.), Collegium like system for appointment CAG Audit for PPP projects Consultation with PAC and state government for appointment of CAG. Therefore, CAG is very vital for fiscal responsibility & accountability.