What is the role of the Public Accounts Committee?
The Committee of Public Accounts is appointed by the House of Commons to examine: “the accounts showing the appropriation of the sums granted by Parliament to meet the public expenditure, and of such other accounts laid before Parliament as the Committee may think fit” (Standing Order No 148).
What is PAC and its functions?
The Committee shall examine the accounts showing the appropriation of sums granted by the Assembly for the expenditure of the Government, the Annual Finance Accounts of the Government, the report of the Auditor-General of Pakistan and such other matters as the Minister for Finance may refer to it. [
How many members are there in public undertaking committee?
The committee consists of twenty-two members, fifteen elected by Lok Sabha, the lower house of the Parliament, and not more than seven members of Rajya Sabha, the upper house of the Parliament.
What is meant by public accounts?
Article 266 of the Constitution defines the Public Account as being those funds that are received on behalf of the Government of India. Public Account funds do not belong to the government and have to be finally paid back to the persons and authorities that deposited them.
What is the role of public Account committee PAC in promoting accountability?
Public Accounts Committee (PAC) is a Committee set up in the Parliament to hold government Institutions accountable for use of Public funds and resources, by examining all related financial documents including reports submitted by the Auditor-General.
What are public accounts?
The Public Accounts is a key accountability and transparency document in the Province’s financial cycle. It is a retrospective document that compares Ontario’s actual performance to what was planned in the Budget. The Public Accounts include the Annual Report and supplementary information.
Who appoints the Chairman of committee?
Each of these committees have 31 members – 21 from Lok Sabha and 10 from Rajya Sabha. These members are to be nominated by the Speaker of Lok Sabha or the Chairman of Rajya Sabha respectively. The term of office of these committees does not exceed one year.
What comes in Public Account?
There are five major heads of accounts under the Public Account — (i) Small Savings, Provident Fund and Other Accounts (ii) Reserve Funds (iii) Deposits and Advances (iv) Suspense and Miscellaneous and (v) Remittances.
https://www.youtube.com/watch?v=Ah183SH1K-k