BRASILIA: Indian Prime Minister Narendra Modi on Thursday asked auditor CAG to develop technical tools to check frauds in government departments and play a role in making India a USD 5 trillion economy.
He was addressing a conclave of the Comptroller of Auditor General (CAG) on transforming audit and assurance in a digital world.“CAG should look for innovative methods to deal with occupational fraud,” he said adding that the auditor can play a role in improving governance and efficiency.
Modi said the government wants to move to evidence-backed policy making by 2022 and the CAG can play a role by becoming a think tank and focusing on big data analysis. “Our target is to make evidence-based policy making a part of governance by 2022,”he said, while stressing that India is gearing up to become a USD 5 trillion economy. He asked the CAG to develop technical tools to root out frauds in departments.
Modi stated that the Centre’s aim is to make evidence-based policy-making an integral part of governance by the year 2022. “Our aim is to make evidence-based policy-making an integral part of governance by the year 2022. It will also help in creating a new identity of New India. So is the right phase for the transformation of audit and assurance sector. Now CAG also has to move towards CAG 2.0,” said Modi.
He said: “The responsibility of the CAG is crucial as it plays an important role in keeping the economic conduct of the country and society sacred. And therefore you have high expectations.” He further added that all stakeholders want accurate audits so that they can execute their plans properly, but they also don’t want the audit process to take a lot of time.
Later, Narendra Modi unveiled a statue of Mahatma Gandhi at the Comptroller and Auditor General of India (CAG) office premises here. (ANI)