Current Affairs - Places - Discussion

The Comptroller and Auditor General of India is setting up a dedicated Centre of Excellence for Financial Audit in Hyderabad with the objective of modernizing and strengthening India’s audit ecosystem. This centre is expected to play a transformative role by standardizing high-quality audit methodologies, integrating advanced tools like AI and data analytics, and promoting research-driven professional development. Its establishment signals a shift from conventional sample-based audits to comprehensive data-driven evaluations, improving transparency and accountability in public financial management. By serving as an incubator of global best practices and incorporating ESG-based assessments, it aims to elevate India’s audit standards to international levels.