President to Inaugurate AG Conference Wednesday

New Delhi, Oct 9 (PTI) President Ram Nath Kovind will inaugurate the two-day conference of Accountants General organised by the Comptroller and Auditor General of India here Wednesday.

The Accountants General from all over the country will participate in the two-day conference and will deliberate on adopting most modern audit techniques to further improve audit effectiveness and enhance accountability in public spending, an official statement said.

The conference will also be attended by Lok Sabha Speaker Sumitra Mahajan, Public Accounts Committee Chairman Mallikarjun Kharge and CAG of India, Rajiv Mehrishi.

On the second day of the conference, Finance Minister Arun Jaitley will address the officers.

The overarching theme for the conference is 'Auditing and Accounting in a digital era', the statement said.

They will deliberate upon four brain storming sessions on Audit Planning, audit execution and accounting in a digital environment, among others, it said.

"In order to keep pace with this dynamic environment, it is important that the IA&AD keeps reinventing and rejuvenating itself. A regular internal and external consultative process facilitates this effort to adapt and upgrade professional practices and methods of functioning," it said.

The Accountants General Conference is a prime platform where the entire top level management of the CAG organisation come together once in two years to review, discuss and recommend the direction in which the IA&AD needs to move in order to perform its constitutional mandate effectively, the statement added.

It offers a forum for exchange of ideas, discussing innovations, debating the best international practices and identifying areas that require improvements for efficient delivery of public services.

Indian Audit and Accounts Department (IA&AD), headed by the Comptroller and Auditor General of India, constantly strives to discharge its professional duties, both as an auditor and an accountant, in accordance with the international best practices.

"Today auditors are seen as partners in improving the governance, and audit reports serve as an aid to governments. There is a growing public awareness and demand for enhanced transparency and accountability in incurring of government expenditure and delivery of basic public services to citizens," it said.

The Comptroller and Auditor General is a constitutional body mandated to keep a watch on the system of governance in the country to ensure the best use to taxpayer's money.

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