CAG Full Form is Comptroller and Auditor General of India. This refers to the chief auditor of expenses incurred by Indian government as demonstrated by its own constitution. The responsibilities include auditing various government transactions like deposits, remittances, debt transactions, and goods manufacturing; and trading activities. The CAG is also responsible to review all stock accounts and receipts related to the government of India.
CAG also maintains records related to profit/loss accounts and balance sheets of the government. It also aims to assure the government and people about the high quality auditing. CAG is an extremely important position in the Indian government. The Prime Minister of India makes the recommendations for the position of CAG. On the other hand, a candidate is removed from CAG through impeachment process.