CAG Embraces AI for Next-Gen Auditing in India’s Digital Transformation
- News|Blog|Account & Audit|
- < 1 minute
- By Taxmann
- |
- Last Updated on 6 February, 2025
Latest from Taxmann
The Comptroller and Auditor General (CAG) of India is adopting Artificial Intelligence (AI) and Machine Learning (ML) to modernize auditing processes, enhancing efficiency and effectiveness in financial oversight. This initiative aligns with India’s vision of becoming a $30-trillion economy by 2047 and supports the broader governmental push for AI integration in governance. At the World Forum of Accountants, hosted by the Institute of Chartered Accountants of India (ICAI), the significance of digital transformation in accounting and auditing was emphasized, especially as businesses expand into emerging sectors. The Ministry of Corporate Affairs (MCA) has also encouraged cost auditors to use AI for improved risk assessment, financial analysis, and identifying inefficiencies. By embracing AI and ML, the CAG aims to set a benchmark for institutions, driving digital transformation and strengthening India’s financial governance to support its ambitious economic goals.
Click Here To Read The Full Story
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
