CAG of India Embraces Artificial Intelligence for Public Expenditure Quality Enhancement
New Delhi: The Comptroller and Auditor General of India (CAG) Girish Chandra Murmu has highlighted the arrival of Artificial Intelligence (AI) and its impact on the Supreme Audit Institution (SAI) in improving the quality of public expenditure.
Murmu emphasized the importance of adapting to the development of AI, stating, “As it develops, we will develop ourselves accordingly. Whatever challenges are there we will try and overcome. We will follow global experiences and practices related to this and share our own to them.”
In a recent development, Murmu announced the signing of a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi to leverage AI and other emerging technologies for the advancement of audit practices.
The rapid advancement of AI, machine learning, and data analytics is reshaping traditional methodologies, offering new opportunities for innovation and efficiency. AI has become a catalyst for change in the field of audit, providing opportunities to enhance efficiency, effectiveness, and insight.
By utilizing AI-driven algorithms and predictive analytics, auditors can analyze vast amounts of data quickly and accurately, uncovering patterns, anomalies, and potential risks with precision.
Capacity building is also a key focus for the organization, with the establishment of the International Centre for Audit of Local Governance (iCAL) aimed at training auditors of local bodies in rural and urban areas. The center in Rajkot will strengthen local governments and promote grassroots engagement, recognizing the importance of local governments in global development efforts.
The iCAL serves as a collaborative platform for policymakers, administrators, and auditors involved in local governments, with a commitment to improving accountability and governance at the grassroots level. With approximately 2.5 lakh panchayats and 7,000 municipal bodies in the country, the initiative aims to enhance the effectiveness of local governance and promote transparency in public expenditure.