[1] It serves as a check on the government especially with respect to its expenditure bill and its primary function is to examine the audit report of Comptroller and Auditor General (C&AG) after it is laid in the Parliament.

During the initial days of British colonial government in India, the finance member of the executive council was the chairperson of the committee.

[5] As stated earlier, the primary function of the PAC is to examine the audit report of Comptroller and Auditor General (C&AG) after it is laid in the Parliament.

At the beginning of its term every year, the committee makes a selection of audit paragraphs included in the various reports of C&AG for in-depth examination.

Keys:   BJP (10)   INC (4)   SP (1)   TDP (1)   DMK (2)   TMC (2)   JSP (1)   NCP (1) = 22 members Party-wise membership of Public Accounts Committee Currently there are 4 sub-committees within the PAC.

[10] The then PAC chairperson Murli Manohar Joshi asked Congress members to apologise to Comptroller and Auditor General of India for making allegations against it.

[13] In 2011, a report of the Comptroller and Auditor General of India (C&AG) said, "The episode of Adarsh Co-operative Housing Society reveals how a group of select officials, placed in key posts, could subvert rules and regulations in order to grab prime government land – a public property – for personal benefit.

"[14] The C&AG in its report estimated undue benefits to the tune ₹1.86 trillion (US$26 billion) to private players on account of coal blocks allocation to them without resorting to auction.

[17] On the eve of November 8, 2016, Prime Minister of India, Narendra Modi announced "Notes of ₹500 (US$5.80) and ₹1,000 (US$12) will not remain a legal tender by midnight".

Being an unprecedented step it was much highlighted in the national and international news with a number of people criticizing the move and government acclaiming it as a surgical strike against black money.