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The Comptroller and Auditor General of India said that Knowledge Services Committee (KSC) working groups will bring out a new guidance on public procurement audit before November.
CAG Girish Chandra Murmu announced that KSC Working Groups have brought out 11 documents covering a variety of people-centric issues, such as audit of plastic waste, sustainable transport, climate financing, audit of sustainability issues, cyber security and data protection, audit of IT governance, debt authorisation, stolen assets recovery, and corruption prevention in public procurement. He also expressed confidence in bringing out a new guidance on public procurement audit before November. Inaugurating the annual meeting of the Knowledge Sharing and Knowledge Services Committee (KSC) in Cairo, he said that one of the major challenges of the work of supreme audit institutions is the audit of Sustainable Development Goals, since the needs of sustainability and the needs of development are to be judiciously balanced. He emphasised that policy advocacy and evaluation has to be backed up with an appreciation of the complex dynamics of ecological stability, economics as well as the analysis of statistical data. The CAG underlined the role of KSC in recognizing felt needs and filling the gaps by bringing out valuable products in several areas of public sector audit. KSC has upheld the INTOSAI's long cherished position of leaving no SAI behind by providing SAIs with authoritative and detailed guidance not only on what to achieve but also on how to achieve, he said. Murmu exhorted the members to keep abreast of global megatrends and strategically equip themselves to audit challenging areas such as Artificial Intelligence, climate financing, forensic auditing, fraud and corruption, climate change etc. where the practice of auditing is difficult and the processes are yet to be established. --IANS kvm/vd ( 302 Words) 2022-09-12-21:00:02 (IANS)
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