New Delhi: CAG institution and IIT Delhi signed an MoU on Wednesday for a partnership in four key areas for use of AI in audit, audit of AI systems, capacity building and knowledge sharing. The MoU between the two institutions was signed by Anand Mohan Bajaj, Chief Technology Officer & Additional Deputy CAG and Prof. Rangan Banerjee, Director, IIT Delhi in the presence of the CAG of India Girish Chandra Murmu. Speaking at the signing ceremony, Murmu said, “Whether it be detecting fraudulent activities, or optimising compliance processes, AI-driven solutions empower auditors to adapt to an ever-changing environment and deliver actionable insights that drive informed decision-making.” “By har
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