The Comptroller and Auditor General of India (CAG) Girish Chandra Murmu has said audit reports have assumed immense importance as they induced action from the executive by way of design improvements, mid-course corrections, strengthening systems and even review of certain policies.
Murmu while delivering a keynote speech on ‘Audit impact – the Indian perspective’ at IMPACT 2023 in Canberra (Australia) shared a few experiences wherein audit findings had a distinctly visible impact on executive functioning.
He further said that all business processes in India were now fully digitised, and the entire audit cycle was being operated through the OIOS (One IA&AD One System), an end-to-end audit process and knowledge management system for the institution.
He underlined the role of audit as a catalyst to good governance, promoting accountability, transparency, and efficient and effective functioning of organisations and government.