Introduction

This Office of Principal Director of Commercial Audit is headed by the Principal Director who is assisted by two Deputy Directors. There are 5 sections at Headquarters, 15 Local Audit Parties (LAPs) to conduct the audit of 60 CPSEs, 2 Statutory Corporations ,49 CABs  and 35 Central Government Establishments (as Principal Auditor and Sub Auditor) mainly covering Oil, Mining, Heavy engineering and Insurance sectors.

Articles 148, 149, 150 & 151 of Constitution of India and the Comptroller and Auditor-General’s (Duties, Powers and Conditions of Service) Act, 1971 provide the mandate for audit of Central Public Sector Enterprises (CPSEs) & Central Autonomous Bodies (CABs) carried out in compliance with CAG’s Regulations on Audit and Accounts, 2007.

The audit of Bodies and Authorities is governed by the provisions of section 14, 15, 19(1), 19(2), 19(3) and 20 of the DPC Act, 1971. In addition, Section 143 of the Companies Act 2013 provides the authority for the audit of CPSEs and Statutory Corporations.