Audit interventions resulted in recoveries of Rs 4,500 cr: CAG

CAG Shashi Kant Sharma today said due to audit interventions the Union and state governments accepted recoveries amounting to over Rs 39,000 crore in 2014-15 and actual recoveries effected were Rs 4,500 crore.
Speaking at the 28th Accountants General Conference organised by the Comptroller and Auditor General, Sharma said a number of recommendations of the CAG have been accepted and implemented by the governments, both at the Union and the state levels.
"During 2014-15, due to Audit interventions, the Union Government and state governments accepted recoveries amounting to over Rs 39,000 crore. During the year itself, actual recoveries effected were to the tune of Rs 4,500 crore," he said.

He further said that while on one hand, the governments are pitching in for digital governance, private participation in delivery of public services as well as inclusive growth, on the other hand the stakeholders are seeking assurance on the economy, efficiency and effectiveness of governance.
"In this context, our organization understands the role which it is expected to play in view of high expectations of all stakeholders.
"We therefore strive to ensure, that we are in sync with the dynamic working of the governance; and our processes, tools and methodologies conform to the highest international standards and best practices. By doing so, we keep ourselves prepared to meet the challenges of changing times," Sharma said.

President Pranab Mukherjee inaugurated the Conference, which among others was attended by Lok Sabha Speaker Sumitra Mahajan and Public Accounts Committee Chairman K V Thomas.
Four topics have been selected for discussions during the two conference. These are Auditing the programmes related to Sustainable Development Goals; Challenges for the Department post - Integrated Financial Management Systems (IFMS) in the States, Perspectives and concerns on Local Bodies Audit and Meeting Bodies Audit and Meeting Audit.