Elaborate functions of Accountant General of Madhya Pradesh.

Functions of the Accountant General of Madhya Pradesh (AGMP):

The Accountant General (AG), functioning under the Comptroller and Auditor General of India (CAG), is located in Gwalior (with a branch in Bhopal). It exercises vital accounting and auditing controls over State finances:

• Compilation of State Accounts: Compiles monthly and annual financial accounts (Finance Accounts and Appropriation Accounts) of the Government of Madhya Pradesh.
• Financial Audit: Audits all expenditure incurred from the Consolidated Fund of Madhya Pradesh to ensure legal sanction and financial propriety.
• Audit of Revenue & PSUs: Scrutinizes receipts, commercial enterprises, statutory corporations, and autonomous bodies of the MP State Government.
• Audit of Local Bodies: Provides technical guidance and supervision to local fund audit departments for Panchayati Raj Institutions and Urban Local Bodies.
• Management of GPF and Pension: Authorizes pension claims, maintains General Provident Fund (GPF) accounts for state government employees.