CAG Should Move Towards Outcome Based Auditing – Said President
On Wednesday, Ram Nath Kovind called upon CAG and ordered to move towards outcome based auditing so that it can provide ‘insight and foresight’ for improving government programmes.
While, President inaugurated the 29th Accountants General Conference, he also appreciated the Comptroller and Auditor General (CAG) as an institution for graduating from promoting accountability to ensuring that right things are done in the right and least expensive way.
He went on stating that through their financial, compliance and performance audits, they have been providing valuable oversight on operations and giving recommendations for improvement. It is the time, the institution thinks of giving insight and foresight as well.
Kovind believes that audit is not an end in itself, but a means to make governments work better. He also said there was a need to emphasise that outcome is a more meaningful measure of programme value than output.
He also went on saying “You may deliberate on how would you as an organisation identify, understand and measure outcome to study the impact of programmes. You may have to realign strategy in a manner that it measures outcome”.