CAG Urges Auditors To Use It Tools For Optimizing Resources

G C Murmu, the Comptroller and Auditor General (CAG) of India have been elected because the Chairman of the Assembly of Asian Organization of Supreme Audit Institutions (ASOSAI) from 2024-2027. 

The 56th Governing Board of ASOSAI elected G C Murmu and approval was conveyed by the fifteenth Assembly of ASOSAI right this moment. The CAG, because the Chairman, would be the Chief Executive of ASOSAI and signify ASOSAI in its dealings with nationwide and worldwide organizations, knowledgeable the CAG in an official assertion. 

Meanwhile, India can be going to host the sixteenth Assembly of ASOSAI in 2024.  

After the election, the CAG assured the members that in SAI India’s three-year time period as Chair of the ASOSAI, SAI India will give attention to the areas of environmental audit and leveraging rising applied sciences for audit. First, we might work in the direction of growing a complete framework with atmosphere audit particular definitions and parameters for pure useful resource accounting dovetailing with the general framework of sustainable improvement, Murmu mentioned.

“Secondly, SAI India will seek active participation of members to create processes and structures within ASOSAI to address the challenges faced by SAIs in our region in dealing with Big Data with an aim to leverage on artificial intelligence, machine learning and collaborative remote access data audits. In fact, these emerging technologies will also help to augment existing audit competence as well as accelerate capacity building for performance audits, apart from regular financial certification audits. SAI India believes that the use of IT and other advanced emerging technologies are the foundation pillars of achieving the SDGs; it becomes imperative for SAIs to integrate these tools in their auditing practices,” he added. 

Murmu knowledgeable the members in regards to the artwork coaching amenities, IT infrastructure and instruments established by SAI India to make auditors future-ready. These coaching amenities embody the International Centre for Information Systems & Audit (iCISA), Centre for Data Management & Analytics (CDMA), the International Centre for Environmental Audit & Sustainable Development (iCED), the National Academy of Audit & Accounts, and the 12 Regional Training Centres. Till now, SAI India has skilled 6183 auditors internationally and have been hand-holding many SAIs inside and out of doors ASOSAI in rising areas of the audit.

The CAG additional added that India is a signatory to the Environmental Accounting efforts of the UN. 

“SAI India actively promotes Natural Resource Accounting as an important environmental assessment tool to estimate the trade-off between the value of natural resource usage, environmental impact and economic activities and released a concept paper on Natural Resource Accounting in 2020 involving physical accounting, monetary valuation, and economic accounting. The paper envisages short, medium and long-term goals converging with the SDGs set by the UN General Assembly. We believe this would also complement the efforts taken by the ASOSAI Working Group on Environment on topics of climate change and carbon emissions,” the CAG mentioned in an official assertion. 

Murmu mentioned that SAI India will likely be pleased to share our studying expertise, consultants and amenities for capability constructing among the many member SAIs of ASOSAI with a particular give attention to the areas of atmosphere, rising applied sciences, and pure useful resource accounting.

ASOSAI is without doubt one of the Regional Groups of the International Organization of Supreme Audit Institutions (INTOSAI) which goals to advertise understanding and cooperation amongst member establishments by means of the alternate of concepts and experiences within the subject of public audit. Established in 1979 with 11 members. The Membership of the ASOSAI consists of Charter Members, Members and Associate Members. The membership has since grown to 47 SAIs. The Assembly consists of all members of the Organization and meets as soon as each three years.

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