President Ram Nath Kovind on Wednesday called upon top auditor Comptroller and Auditor General to move towards outcome based auditing and provide 'insight and foresight' for improving government programmes.
Inaugurating the 29th Accountants General Conference here, President Kovind also lauded CAG as an institution for graduating from promoting accountability to ensuring that right things are done in the right and least expensive way.
"Through your financial, compliance and performance audits, you have been providing valuable oversight on operations and giving recommendations for improvement. It is the time, the institution thinks of giving insight and foresight as well," President Kovind said.
Stating that audit is not an end in itself, but a means to make governments work better, President Kovind said there was a need to emphasise that outcome is a more meaningful measure of programme value than output.
"You may deliberate on how would you as an organisation identify, understand and measure outcome to study the impact of programmes.You may have to realign strategy in a manner that it measures outcome," the President said.
With CAG using data analytics for auditing, President Kovind said through the use of such techniques, the institution can assist in not only giving insights for the present but also aid in providing credible forecast for future.
"With the tools appropriate for managing and examining the expanding data in a digital economy, you are rightly positioned to anticipate long term trends and emerging issues related to the economy, education, health, environment , national security, among others," he said.
"You are not only the keeper of national accounts, but conscience keeper to the nation and a key partner in India's progress," President Kovind told the Accountants General