Correct Option: A

As laid down in the Constitution of India, the Audit Reports, after approval of the Comptroller and Auditor General of India, are presented to the President of India or Governors of the States for laying before the Parliament or the State Legislatures as the case may be. Public Accounts Committee (PAC) takes up the Audit Report for examination. The CAG acts as the “friend, philosopher and guide” for the PAC.