“In a significant step towards strengthening economic governance and accountability, IIM Mumbai has signed a Memorandum of Understanding (MoU) with the Comptroller and Auditor General (CAG) of India."
This collaboration focuses on enhancing audit practices across critical sectors such as Oil & Gas, Coal, Defense, Healthcare, Shipping, and Public Distribution Systems, with a special emphasis on inventory management, supply chain, and logistics audits.
Key initiatives under the partnership include:
- Capacity Building & Customized Auditor Training
- AI-driven Data Analytics & Technology Integration
- Research, Policy Advisory & Knowledge Exchange
- Workshops, Roundtables, and Global Expert Sessions
The MoU was signed by Professor Manoj Kumar Tiwari, Director of IIM Mumbai, in the esteemed presence of Shri K Sanjay Murthy, CAG of India, along with senior officials from both sides.
This strategic collaboration aims to equip auditors with sector-specific expertise, strengthen risk and performance analysis, and promote transparency, accountability, and data-driven auditing excellence in public financial management.