CAG Urges Auditors To Use It Tools For Optimizing Resources

The Comptroller and Auditor General of India have urged the auditors to make higher use of information analytics, Artificial Intelligence, and Machine Learning for optimizing environment friendly use of their scarce assets.  

G C Murmu, Comptroller and Auditor General of India in the course of the e-seminar on “IT Audit in the Era of Industrial Revolution 4.0: Opportunities and Challenges” of International Organisation of Supreme Audit Institutions (INTOSAI), WGITA stated, within the fourth industrial revolution, audit professionals, particularly Information Technology auditors, should put together themselves to face multi-faceted adjustments and challenges. This Revolution has created a wonderful alternative for the INTOSAI and Working Group on IT Audit (WGITA) to equip its members with sensible information and work procedures for addressing the rising IT dangers.

G C Murmu, in his digital tackle, highlighted that India is witnessing a an enormous digital transformation within the spheres of infrastructure, public policymaking,, and governance. India has at present greater than 750 million broadband subscribers thus far, primarily cellular customers. The trinity of cellular telephony, distinctive biometric id,, and digital banking, is getting used for the world’s largest direct profit switch to hundreds of thousands of individuals. These developments have helped defend the folks from poverty in the course of the dangers and uncertainties of the Covid-19 pandemic. Such initiatives are actually basic in making the general public service supply environment friendly and clear, in addition to guaranteeing belief in public entities and their governance.

The INTOSAI Working Group on IT Audit is a Working Group below the Knowledge Services and Knowledge Sharing Committee (Goal-3) of the International Organisation of Supreme Audit Institutions (INTOSAI). 

Meanwhile, the e-seminar was hosted by Dr. Agung Firman Sampurna, the Chairman of the Audit Board of the Republic of Indonesia. SAI Indonesia offered its initiative in auditing the National Cybersecurity Resilience. The Information Systems Audit and Control Association (ISACA) offered on Information Security Auditing: New Concerns of IT Auditors. 

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