Public Account Committee (PAC) is one of the parliamentary committees that examine the three annual audit reports of CAG which the President lays before the Parliament of India. It has 22 members, out of which, 15 are elected from Lok Sabha (Lower House) and 7 members are elected from Rajya Sabha. The term of PAC is only for 1 year. Lok Sabha speaker appoint the chairman of the committee. Until 1966-67, the Chairman of the Public Accounts Committee used to be appointed from the ruling party however; a convention later decided that the chairman of the committee will be appointed invariably from the opposition party.