CAG Calls for Reimagining Public Accountability in 21st Century

• CAG K Sanjay Murthy emphasized the need to reimagine public accountability for good governance and sustainable development at the World Forum of Accountants in New Delhi.
• He stressed adapting accounting and auditing to emerging technologies like AI, blockchain, and data analytics, alongside capacity building for professionals.
• Key initiatives include data-driven audits, Centre for Data Management and Analytics, Centre of Excellence in Financial Audit, and an AI Strategy Framework.
• The CAG's efforts aim to promote transparency, public participation, and real-time scrutiny to foster trust and contribute to Viksit Bharat.
• A national workshop in Hyderabad previously discussed challenges and best practices in local fund audits, focusing on technology adoption and follow-up mechanisms.

Why It Matters: CAG Murthy advocates for modernizing public accountability with technology and transparency for good governance.