New Delhi: Comptroller and Auditor General (CAG) Sanjay Murthy emphasized the role of technology in enhancing forensic auditing, cybersecurity, and AI-driven analytics as India progresses towards a $30-trillion economy in the coming decades.
Speaking at a gathering of chartered accountants on Saturday, Murthy said the federal auditor is developing a tech-driven ecosystem to improve public oversight. He highlighted the integration of technology into the audit body’s capacity-building framework to enhance efficiency and accuracy.
Murthy noted that robotic process automation can significantly reduce workload and enhance audit compliance by automating repetitive tasks, allowing for audits of entire populations rather than just samples.
“As the nation advances towards a $30-trillion economy by 2047, technology will play a crucial role in strengthening audit and accounting processes,” he said. He added that the accounting and auditing professions will be key enablers in building ‘Viksit Bharat’—a technology-driven, knowledge-based economy with strong public finances and a resilient financial sector.
Murthy further stated that a $30-trillion economy will be inherently digital, fostering expansion into emerging sectors and producing global industry leaders.
