Banking service chronicle published this article page no 8 the cags business is conducted through the indian audit & accounts department which together form the supreme audit institution (sai) of india. accountability in financial administration is enforced at three levels: internal audit mechanisms by executive ministries and departments external audits by the cag and independent examination of subjects by legislative committees. Banking service chronicle magazine the cag plays a crucial role in promoting transparency and good governance by providing timely independent and credible assurance on public resources. cag has a nationwide audit mandate encompassing all three tiers of the federal structure of governance: the union government the state/ut governments and the local bodies thus ensuring that accountability is enforced up to the last mile. the audit jurisdiction includes attached & subordinate offices autonomous bodies statutory authorities and public sector undertakings (psus) Banking service chronicle magazine subscription.
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