RICS SAIs TO CONTRIBUTE IN ECONOMIC AND SOCIAL DEVELOPMENT;

CAG TO SET-UP DATA ANALYTICS CENTRE;

SHASHI KANT SHARMA RECEIVES HONORARY PROFESSORSHIP FROM NAU

Comptroller and Auditor General (CAG) of India Shri Shashi Kant Sharma was conferred the honorary professorship by the Nanjing Audit University in China today. It is the only university which is recognised by the Institute of Internal Auditors. In his acceptance address, Comptroller and Auditor General of India, Shri Sharma laid emphasis on capacity building for auditors of international fraternity in view of ever changing governance structures. He stressed on the need for cooperation between the 5 SAIs specially in areas of Data analytics, audit of Infrastructure projects and Environmental issues. Shri Sharma said that BRICS SAI leaders have agreed to actively enhance the quality of auditors to enable SAIs to play an enhanced role in advancing economic and social development.

Earlier, the Comptroller and Auditor General (CAG) of India Shri Shashi Kant Sharma led the delegation of the Auditor Generals of BRICS countries to a meeting with Mr Zhang Gaoli , the first vice premier of China and discussed the progress of the summit. He informed that the BRICS SAIs have excellent relationship and have been cooperating in various areas of auditing. He also mentioned about the official communique of the summit which resolved to have further cooperation in mutually agreed areas. The Vice Premier while appreciating the SAIs’ contribution in national governance, emphasised the need for cooperation among BRICS member states.

While addressing the BRICS SAIs meeting in Beijing yesterday, Shri Sharma, CAG 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. Big data has provided a window to the SAI auditors to examine the audited agency data along with related data from other sources. He said that our institution is in the process of establishing a Data Analytics Centre and has finalised a big data management policy to meet the big data challenges in future. He expressed the hope this would enable the SAIs to come up with more incisive audit findings and to assist the Governments in formulating appropriate policies.

PIB