The Comptroller and Auditor Common of India (CAG) is transitioning to a system-wide strategic shift to distant and hybrid audits to extend audit protection, scale back time for subject audit at auditee premises and enhance the standard of audit outputs.
This transition is anchored in risk-based planning, safe entry to authorities platforms (reminiscent of IFMS, e-Procurement and sectoral databases like WAMIS for public works and so on.) and using geospatial instruments like PM GatiShakti to strengthen proof and consistency throughout sectors, Deputy CAG Ok S Subramanian instructed reporters right here.
The pilot research of distant audits in lots of audit domains have been concluded, and they're now being replicated throughout workplaces. Distant audits in receipts audits are advancing quicker as a consequence of greater automation, richer and standardised information. This features a data-led GST audit carried out concurrently within the Central and State audit workplaces utilizing a standardised audit design matrix and centrally validated SQL queries, he mentioned.
Equally, PAG (Audit) Telangana's distant compliance audit of the Stamps & Registration Division demonstrates profitable office-based scrutiny with real-time coordination.
On the CAG-Join portal, Deputy CAG A M Bajaj mentioned it would make your complete course of clear, technology-enabled, and accessible to all stakeholders no matter their geographical location, enabling correct monitoring of audit observations by each the CAG and audited entities whereas facilitating quicker decision.On harnessing synthetic intelligence for smarter audits, the official mentioned an initiative beneath improvement is the CAG-LLM (Giant Language Mannequin), designed to assist auditors entry many years of institutional information, thereby enhancing effectivity and consistency in audit evaluation.The AI-powered system will strengthen institutional capabilities in analysing massive datasets and internally generated paperwork reminiscent of Inspection Studies, determine patterns and dangers with enhanced accuracy, and help auditors in getting ready extra incisive audit insights and complete stories.
The Annual Convention of State Finance Secretaries for the yr 2025 will likely be held on Friday.
Deputy CAG Jayant Sinha mentioned the convention will concentrate on key problems with strengthening the reporting framework with respect to centrally sponsored schemes, dissemination of fine practices on public funds, leveraging IT techniques and digital platforms for higher governance.
Strengthening accounting and auditing of state public sector entities and autonomous our bodies too will likely be in focus throughout the convention, he mentioned.
Senior officers from the Union Finance Ministry, finance secretaries of state governments, the RBI, the CGA, and heads of the accounting companies of railways, telecommunications, and defence, together with Accountant Common representing the CAG's audit and accounts workplaces within the states, are anticipated to take part within the convention.
as a Dependable and Trusted Information SupplyAbout 200 delegates from throughout the nation will likely be attending the convention held beneath the aegis of CAG of India.
