President Droupadi Murmu calls for timely audit of public finance

Underscoring the importance of timelines in auditing public finance, President Droupadi Murmu on Tuesday said if a wrong is pointed out well within time, it can be corrected and help save huge amount of public money. She emphasised the need for audit bodies keeping pace with technological evolution in order to be able to perform its oversight functions effectively as more and more public services are being delivered using technology. "What is equally important for effective auditing of public finances is timeliness. If a wrong is pointed out well within time, it can be corrected," she said while addressing the 16th Assembly of Asian Organization of Supreme Audit Institutions (ASOSAI) here. This implies that an auditor is entrusted with the task of not only pointing out faults but also suggesting a way out to improve the quality of governance, she said. The mandate of public sector audits has expanded beyond traditional auditing to include assessing the effectiveness of public welfa