CAG
Institution in India has taken several initiatives towards use of latest data
analytical tools for audit planning & analysis and is also fine tuning its
methodology for audit of environmental issues for better impact. This was disclosed
by Comptroller and Auditor General of India Shri Shashi Kant Sharma in Beijing
today. He was delivering a key note address at the 1st Meeting of the Supreme
Audit Institutions of BRICS countries in Beijing. Shri Sharma also shared the
contributions made by the CAG institution of India in enhancing transparency
and accountability in governance and in promoting economic and social
development.
The
CAG said that our Governments have taken several initiatives to address the challenges
faced by our countries and the people by automating service delivery, choosing
partners in development through Public Private Partnership arrangements,
opening up economy for foreign direct investments and by focusing on
sustainable development. These government initiatives have brought in new
challenges to the SAI auditors. This has also placed enhanced Demands for
greater objectivity in public dealings and transparency in governance,
he added.
Shri Sharma said
that big
strides have been made by Government in automating services rendered by it and
in collecting, compiling and reporting data on its programme interventions.
This has led to a digital data explosion and opened up an opportunity to the
SAIs, which would be one of the few agencies to have access to such vast data
held by different government agencies. In the past, SAI auditors were content
to analyze the data maintained by the audit agencies. “Big data” has provided a
window to the SAI auditors to examine the audited agency data along with
related data from other sources.
The
CAG of India disclosed that “Recognizing this trend, India has formulated a Big
Data Management Policy and is in the process of establishing a Data Analytics Centre.
Our pilot results on using sophisticated data and visual analytic tools have
already produced promising results. I am convinced that use of improved data
analytics will enable the SAIs to come up with more incisive audit findings and
to assist the Governments in taking appropriate policy decisions.”
Shri
Sharma said that for SAI India, this meeting assumes greater significance as
India has recently assumed Chairmanship of the BRICS. The theme of India’s
BRICS Chairmanship is Building Responsive, Inclusive and Collective
Solutions. During India's BRICS Chairmanship, India will adopt five-pronged
approach emphasizing on (i) Institution building to further deepen,
sustain and institutionalize BRICS cooperation; (ii) Implementation of the
decisions from previous Summits; (iii) Integrating the existing
cooperation mechanisms;(iv) Innovation and (v) Continuity.
Tomorrow, Shri Shashi Kant Sharma will be conferred
the prestigious honour of the Professorship and Scholarship Award at the
Nanjing Audit University. Head of Supreme Audit of Institutions of China, South
Africa, Brazil and Russian Federation will be present at the time of Award
Ceremony.
Click Here to see BRICS Key Note :
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DSM