Live Markets »News & Advice»Market News»Market News Details
Market News Details

President Kovind calls upon CAG to move towards outcome-based auditing

Press Trust of India/New Delhi 10 Oct 18 | 12:56 PM

President Ram Nath Kovind. File photo

President Ram Nath Kovind Wednesday called upon official auditor CAG to move towards an outcome-based auditing and provide insight and foresight' for improving government programmes.

Related Stories

    No Related Stories Found
Widgets Magazine

Inaugurating the 29th Accountants General Conference, Kovind also appreciated the Comptroller and Auditor General (CAG) as an institution for graduating from promoting accountability to ensuring that right things are done in the right and least expensive way.

"Through your financial, compliance and performance audits, you have been providing valuable oversight on operations and giving recommendations for improvement. It is the time, the institution thinks of giving insight and foresight as well, he told the Accountants General.

Stating that audit is not an end in itself, but a means to make governments work better, Kovind said there was a need to emphasise that outcome is a more meaningful measure of programme value than output.

"You may deliberate on how would you as an organisation identify, understand and measure outcome to study the impact of programmes. You may have to realign strategy in a manner that it measures outcome, the President said.

With CAG using data analytics for auditing, Kovind said through the use of such techniques, the institution can assist in not only giving insights for the present but also aid in providing a credible forecast for future.

With the tools appropriate for managing and examining the expanding data in a digital economy, you are rightly positioned to anticipate long-term trends and emerging issues related to the economy, education, health, environment, national security, among others, he said.

You are not only the keeper of national accounts but a conscience keeper to the nation and a key partner in India's progress," Kovind told the Accountants General.

Widgets Magazine


Company Price Gain (%)
Larsen & Toubro1,529.150.80
Sun Pharma.Inds.392.350.58
Power Grid Corpn194.600.44


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine