President Pranab Mukherjee will tomorrow inaugurate the 28th Accountants General Conference that is being organised by government regulator CAG. There is an increasing awareness and demand for transparency and accountability in public sector service delivery. The two-day conference will have four brain storming sessions on auditing the programmes related to sustainable development goals, meeting challenges in revenue audit, impact of integrated financial management system (IFMS) on accounts & entitlement (A&E) functions and audit of local bodies: perspectives & concerns.
Indian Audit and Accounts Department (IA&AD), headed by CAG, constantly strives to discharge its professional duties, both as an auditor and an accountant, in accordance with the international best practices. The Accountants General Conference is a prime platform where the entire top level management of the IA&AD come together once in two years to review, discuss and recommend the direction in which the IA&AD needs to move in order to deliver its mandated duties in the best possible manner.
The environment in which audited entities, and consequently audit, functions is very dynamic – both in terms of structure and methods of implementation of public policy as well as the practice of audit and accounting.