ICAI and CAG Join Hands to Strengthen Capacity of PSUs Audit Officers
- Signs MoU with the Office of the Comptroller & Auditor General (O/o CAG) of India to strengthen the capacity development framework
- A strategic partnership to enhance audit excellence in PSUs through structured training.
- First batch is likely to commence in the month of May 2025
The Institute of Chartered Accountants of India (ICAI) through its Committee on Public and Government Financial Management (CPGFM) has entered into a Memorandum of Understanding (MoU) with the Office of the Comptroller & Auditor General (O/o CAG) of India to strengthen the capacity development framework in the CAG of India.
The MoU was signed in the presence of Shri K Sanjay Murthy, Hon’ble CAG of India and CA. Charanjot Singh Nanda, President, ICAI. The MoU signing ceremony was attended by Shri A. M. Bajaj, Dy. CAG (Commercial), Shri Smita S. Chaudhri, Dy. CAG (RC), Shri K. S. Subramanian, Dy. CAG (HR, IR, Coord. & Legal), along with CA. Prasanna Kumar D, Vice-President, ICAI, CA. Mangesh Pandurang Kinare, Chairman, CPGFM, CA. Pankaj Shah, Vice-Chairman, CPGFM, CA. Rajendra Kumar P, Central Council Member, ICAI and Secretary ICAI along their respective teams.
This MoU marks a significant step in advancing excellence and strengthening institutional capacity for public sector audits through structured training and continuing education.
Shri K. Sanjay Murthy, Hon’ble CAG of India, stated thatthe primary objective of this collaboration is to strengthen the capacity development framework within the O/o CAG of India. He emphasised the importance of structured training programmes to ensure that PSUs audit officers remain abreast of evolving standards, technologies and best practices in auditing.
