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.
Answered
5 months ago