Comptroller and Auditor General of India, K Sanjay Murthy, underscores the transformative role of AI and ML in forensic audits to combat fraud and enhance financial management. At a recent conference in New Delhi, he illustrated how these technologies have successfully exposed numerous fraudulent cases in state beneficiary schemes. Murthy highlighted the adoption of digital tools such as Integrated Financial Management Information System (IFMIS) and Government e-Procurement Platforms, which bolster transparency and accountability in public financial management. Despite varying maturity levels across states, he emphasized the importance of these technologies in remote auditing, specifically for risk assessment and detection of electronic document tampering. The shift towards digitization is aimed at ensuring timely audits and improved stakeholder assurance, particularly in high-impact areas like GST and local government audits. The conference saw participation from senior officials across various financial sectors, underscoring the commitment to enhanced governance through technology.
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