New Delhi, May 5 -- Congress leader KC Venugopal has been re-appointed chairperson of the Public Accounts Committee (PAC), which was constituted on May 1.

The Committee on Public Accounts, which is the oldest and the most prestigious Committee of Parliament, is constituted every year for examination of accounts showing the appropriation of sums granted by Parliament for expenditure of the Government of India and such other accounts laid before Parliament as accounts of autonomous and semi-autonomous bodies, the Lok Sabha Secretariat stated.

The Secretariat stated that the Committee also examines the Reports of the Comptroller and Auditor General of India on various subjects like Civil, Defence, Posts, Railways and Taxation and it also e...