Tech to boost forensic auditing, cybersecurity, says CAG Murthy

NEW DELHI: Comptroller and Auditor General Sanjay Murthy said federal auditor is building a tech-driven ecosystem for public oversight in anticipation of the country scaling a GDP of $30 trillion in the coming decades. Addressing a gathering of chartered accountants Saturday, the CAG said he is actively integrating technology into the audit body's capacity-building framework and specialising in domains like forensic auditing , cybersecurity and AI-driven analytics. Murthy said robotic process automation can be used to reduce workload and improve audit compliance so that entire populations, not just samples, can be audited by automating repetitive tasks.

"Technology will have leverage to keep up and deliver on the audit and accounting front as the nation moves forward towards a $30-trillion economy by 2047," he said, adding, "The accounting and auditing professions could become important enablers in this process of 'Viksit Bharat', which is a technology-driven and knowledge-based economy with robust public finances and a resilient financial sector." He said "a $30 trillion economy will be necessarily digital, as organisations expand into emerging areas, and global champions are born". TNN.