Press Information Bureau

Government of India

Ministry of Finance

30-September-2011 17:47 IST

CAG of India Appointed External Auditor OF IAEA and WIPO

The Comptroller and Auditor General of India (CAG) has been appointed as the external auditor of two major UN organizations - the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organization (WIPO), Geneva. Both these organizations have traditionally been the stronghold of the developed world and it is for the first time that a Supreme Audit Institution from outside Europe has been appointed to these prestigious positions. These appointments were made in the face of competition from other developed countries like United Kingdom, Spain and Norway.

These appointments for organizations such as IAEA and WIPO, which are specialized agencies, is a recognition of the professional capabilities of the CAG's auditing talent pool. The international community has acknowledged that public auditors of the Indian Audit and Accounts Department have high professional competence. In particular, their knowledge, expertise and domain experience in conducting performance audits has been highly acclaimed. It is in recognition of such expertise that in the face of competition from Auditors' General of developed countries such as UK and Norway, the CAG of India has been preferred. The tenure of these audits could extend up to six years.

The CAG of India is on the Panel of External Auditors of the United Nations and its Agencies. He is the chair of the Knowledge Sharing and Knowledge Services Committee of the International Organization of the Supreme Audit Institutions (INTOSAI), the global body of Auditors' General which has a membership of 184. He also chairs the INTOSAI Working Group on IT Audit. The CAG of India is also on the Governing Board of the Asian Organization of Supreme Audit Institutions (ASOSAI) and is poised to take over as its Chairman for a term of three years from March 2012.

The institution of the Comptroller and Auditor General of India (CAG) is recognized as one of the most professionally accomplished Supreme Audit Institutions in the world. The CAG occupies a pre-eminent position in the international community of public auditors and is a prominent member of INTOSAI. The recognition of the capabilities of the CAG of India has in the past manifested in his appointment on the Board of Auditors of the United Nations and as external auditor to a number of other major UN agencies like Food and Agricultural Organization (FAO), World Health Organization (WHO), International Maritime Organization (IMO), Organization for Prohibition of Chemical Weapons (OPCW) etc.

SS/GN

External auditor appointment: CAG of India named external auditor of major UN agencies, reflecting recognised auditing competence. The Comptroller and Auditor General of India has been appointed external auditor of the International Atomic Energy Agency and the World Intellectual Property Organization after competitive selection, with possible tenures up to six years, reflecting recognition of the CAG's professional capabilities-especially in performance audit. The CAG already serves on the UN Panel of External Auditors and holds key leadership positions within INTOSAI and ASOSAI, evidencing the institution's established international standing in public-sector auditing.