CAG receives pat from US counterpart

CAG receives pat from US counterpart

Government auditor CAG, which recently conducted some of the controversial audits unearthing scams like 2G, today received accolades from its US counterpart for professionalism in India's top institution.

The Comptroller General of the United States of America, Government Accountability Office (GAO) Gene Dodaro met CAG Vinod Rai and complimented him for training and infrastructure of India's Comptroller and Auditor General of India (CAG).

A CAG statement said, Dodaro "was appreciative of the Indian CAG's efforts to train its own officers and the infrastructure set up for facilitating the same."

He said that the professionalism of officers of the Indian Audit and Accounts Service (IA&AS) "is rated very high globally".

Besides, Dodaro lauded the contribution of IA&AS for upgrading the professional knowledge and awareness amongst the professional audit bodies globally.

The CAG recently conducted several high profile audits including those relating to 2G spectrum allocation of 2008 which it said had caused a Rs 1.76 lakh crore loss to the central exchequer.

Besides the official auditor has also come out with performance audits of the Hydrocarbon Production Sharing Contracts in the KG basin and questioned merger of Air India and Indian Airlines.

It also termed the Civil Aviation Ministry's decision to acquire 111 planes for Air India through debt "a recipe for disaster".