Knowledge Services Committee Releases 11 People-Centric Audit Papers, Says CAG

The Knowledge Services Committee (KSC) has issued 11 elaborate audit papers covering a variety of people-centric issues, a press release from the Office of the Comptroller-Auditor General of India said on Monday. At the inauguration of the annual meeting of the Knowledge Sharing and Knowledge Services Committee (KSC) in Cairo today, CAG Girish Chandra Murmu said, “The KSC working groups have released 11 elaborate documents covering a variety of people-centric issues, such as plastic waste audit, sustainable transportation, climate finance, sustainability issues audit, cybersecurity and data protection, IT governance audit, debt clearance, stolen asset recovery and prevention of corruption in public procurement.

He also said he was confident of releasing a new guide on public procurement audits before November 2022, according to the statement. He said one of the major challenges in the work of supreme audit institutions is auditing the Sustainable Development Goals, as sustainability needs and development needs need to be carefully balanced.

The CAG of India highlighted the role of KSC in recognizing felt needs and filling gaps by offering valuable products in several areas of public sector auditing. KSC upheld INTOSAI’s cherished position of leaving no SAI behind by providing detailed and authoritative guidance to SAIs on not only what to achieve, but how to achieve it, he said. -he declares. Murmu reminded delegates that the KSC’s strategies for the coming years should be informed by and aligned with INTOSAI’s committed priorities, namely, supporting the professionalism of SAIs, helping SAIs to remain resilient in the face of extremely complex and rapidly changing global circumstances marked by volatile political situations, calamitous events, changes in financial markets and climate change, as well as to the ideals of equality and inclusion.

He urged members to keep abreast of global megatrends and strategically equip themselves to audit challenging areas such as artificial intelligence, climate finance, forensic auditing, fraud and corruption, change climate, etc. where the practice of auditing is difficult and the processes are yet to come. be established. The KSC (Goal 3) of INTOSAI, under the able leadership of the Comptroller and Auditor General of India as Chairman of the KSC, has the mission of fostering cooperation, collaboration and continuous improvement in higher institutions control through knowledge development, knowledge sharing and knowledge service.

The three-day annual meeting of the KSC SC is held in Cairo from September 12 to 14, 2022, organized by the State Authority responsible for the responsibility of Egypt. The meeting brings together delegates from about 16 supreme audit institutions. (ANI)

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