Comptroller and Auditor Common of India (CAG) Girish Chandra Murmu on Thursday harassed on better use of recent age applied sciences similar to information analytics, synthetic intelligence and machine studying to allow auditors make optimum use of sources.
Talking at an occasion on ‘IT Audit within the Period of Industrial Revolution 4.0: Alternatives and Challenges’, Murmu urged auditors to make far better use of those applied sciences for optimising environment friendly use of their very own scarce sources.
It’ll assist successfully meet the wants of the stakeholders, he mentioned.
Within the ‘fourth industrial revolution’, audit professionals, particularly data know-how auditors, should put together themselves to face multi-faceted modifications and challenges, Murmu mentioned in a digital handle to the Working Group on IT Audit (WGITA) of the Worldwide Organisation of Supreme Audit Establishments (INTOSAI).
The fourth industrial revolution has created a superb alternative for INTOSAI WGITA to equip its members with sensible data and work procedures for addressing the rising IT dangers, Murmu mentioned.
He additional mentioned India is witnessing huge digital transformation within the spheres of infrastructure, public policymaking and governance.