How is the CAG incorporating emerging technologies and why is it being praised by officials

The Comptroller and Auditor General (CAG) has been proactively adopting emerging technologies in its processes. The Lok Sabha Speaker has recently praised this move.
  • Utilizing data analytics tools for more efficient and effective audit processes.
  • Implementing artificial intelligence and machine learning algorithms to identify patterns and anomalies in financial data.
  • Leveraging blockchain technology for secure and transparent record-keeping.
  • Integrating cloud computing to enhance accessibility and storage of audit information.
  • Developing digital dashboards for real-time monitoring and reporting.
Officials have praised the CAG for its progressive approach towards incorporating emerging technologies as it enhances audit quality, increases efficiency, reduces time and effort required for audits, and ensures better accountability and transparency in the auditing process.
Answered 5 months ago
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