India to host global auditors general meet

Wednesday, 18 February 2004, 08:00 Hrs
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NEW DELHI: Delegates from 13 countries will attend the fifth meeting of the Auditors General Global Working Group (GWG) here from Thursday.

The GWG is a select forum of 16 auditors general from countries around the globe, who meet once a year to discuss current and emerging issues of concern to Supreme Audit Institutions.

The group was established in January 2000.

The comptroller and auditor general of India (CAG) has been a member of this prestigious forum since its inception.

Twenty-four delegates will take part in the high-level meeting, including those from Mexico, the Netherlands, Ireland, France, Norway, South Africa, Australia, Canada, New Zealand, the US and Sweden and high-level delegates from Britain and Japan.

"India's participation in this meeting provides it an opportunity to play a meaningful role in the modernisation and development of the public auditing profession," the finance ministry stated Tuesday.

The agenda for the current meeting includes new audit approaches and technologies, accrual accounting standards for governments, harmonisation of auditing standards, updating of international auditing standards, audits of regulators, access to records and documents, audit independence and contracting out audits.

Source: IANS
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