The Comptroller and Auditor General of India (CAG) has urged the auditors to make far greater use of data analytics and Artificial Intelligence and Machine Learning for optimising efficient use of their own scarce resources and also effectively meeting the requirements and needs of their stakeholders.
In his opening remarks at the e-seminar on “IT Audit in the Era of Industrial Revolution 4.0: Opportunities and Challenges” of INTOSAI WGITA, CAG G C Murmu on Thursday emphasised that, in the fourth industrial revolution, audit professionals, especially Information Technology auditors, must prepare themselves to face multi-faceted changes and challenges.
