It is indeed satisfying to note that CAG as institution has, over the years,
exemplified spinal
strength.
This elevated status is consequence of seminal leadership the institution has
been
benefiting
from
The credibility earned by the institution is due to the the painstaking efforts
of
the successive
CAGs that brought this institution where it is today.
Impactful and wholesome CAG functioning has generated evolution of transparent
and
accountable eco system. Such a scenario has affirmatively contributed to our
growth
trajectory.
By virtue of constitutional prescription under Article 151 of the Constitution
CAG
reports are
required to be laid before each House of Parliament as also before the
Legislature
of the States.
It is expected such reports receive due attention and consideration of the
Parliamentarians and
Legislators so that probity, efficiency and transparency in governance improves
and
accountability is enforced.
Painstaking efforts of CAG would bear fruit and results with timely Legislature
and
Executive
actions in tandem and togetherness.
In a recent milestone accomplishment India secured the status of the fifth
largest
economy in
the world and is on way to being the third largest global economy by turn of the
decade.
The country has made rapid strides in structural and institutional reforms
making
the Country
attractive opportunity and investment destination in the world.
The world is rightly looking at us today as a catalyst for positive change.
Transparent accountability in public service delivery is quintessential to good
governance so
as to ensure benefits trickle to the last rows. This can be impactfully brought
about and
enhanced by CAG acting as vigilant watchdog.
Appreciate significantly apt theme of today’s Accountants General Conference-
‘SAI
India:
Contributing to India Onward and Ahead’.
Am sure the deliberations would focus on opportunities and challenges with a
view to
fast track
our continual upward growth trajectory.
Accountability and transparency are twins that help blossom and sustain our
democratic
progress. Lack of these breeds corruption and inefficiency. CAG has a massive
role
to root out
this menace.
We must build and continually enhance credible systems to tackle the challenges
before us.
Engaging in self audit and calibration would be rewarding. Timely detection of
fiscal
misdemeanours and effective consequential correction mechanism are peremptory
CAG
obligations.
Audit is a powerful and inescapable tool of good governance. Absence of audit or
inefficient
audit is the surest passage to system degeneration. This underlines imperatives
of
CAG focus.
Instances of utility certificates involving massive public funds not being
imparted
for long by
governmental entities needs exemplary corrective focus.
By discerning errors and highlighting wastefulness and extravagance in public
spending, the
CAG not only ensures that the government delivers its promise with economic
efficiency, but
also it helps to stamp out inefficiency and corruption.
Functional, vibrant and impactful CAG mechanism is safest assurance that the
intended
benefits actually reach the citizens- the ultimate beneficiaries.
It is soothing to gather that the CAG has given priority to audit many citizen
centric
programmes such as Direct Benefit Transfer, National Pension System and so on.
CAG
focus
will make the system robust delivery mechanism.
The findings of these types of audits will give extremely important inputs which
will help in
better planning and management of citizen centric schemes.
The digital revolution, combined with CAG’s exemplary service in promoting
transparency, is
revitalising grassroots democracy in our country.
This august institution should find ingenious and innovative ways to involve
public
at the
grassroots level in its audit processes.
In fact, the CAG has to play a proactive role in improving efficiency,
monitoring
and outcomes
delivered by Government schemes.
It is satisfying to note that to manage emerging challenges CAG is continuously
engaged in
upgrading its professional skills and practices to stay ahead of the learning
curve.
I commend CAG initiatives to become an IT-led institution and using data
analytics
for
auditing.
This has helped CAG in enhancing efficiency and enabling analysis and risk based
audit.
CAG of India has established a reputation as a robust auditing organisation with
global best
practices.
It is the External Auditor of various United Nations (UN) organizations over the
years
Its international audit portfolio includes external audit of several important
UN
organizations
including
World Health Organization (WHO), Food and Agriculture Organization (FAO),
InterParliamentary Union (IPU), Organization for Prohibition of Chemical Weapons
(OPCW) and
International Atomic Energy Agency (IAEA).
On this occasion, I would also like to congratulate all the seven university
students who have
won the National Online Essay Writing Competition, and who’ve joined us here
today
from
different parts of the country.
They wrote exceptional essays on themes in align with current governance vision.
I am confident that this august institution would continue to find ways to
involve
public at the
grassroots level in its impact assessment process and act as crusader against
corruption and
fiscal inefficiency.
With enhanced pro-active stance of the CAG, there is bound to be improved
efficiency
and
monitoring and reach of government schemes
I take this opportunity to commend the supreme audit authority and all the
officers
for their
high ethical standards.
I am sure, CAG will continue to emerge stronger and vibrant in days ahead.
Jai Hind!”