Reconstituted audit advisory board of CAG meets today | business | Hindustan Times
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Reconstituted audit advisory board of CAG meets today

Following a reconstitution, the first meeting of the audit advisory board of the Comptroller and Auditor General (CAG) will be held on Thursday, primarily to discuss pending proposal on amendment of CAG Act, 1971. HT reports.

business Updated: Aug 17, 2011 21:54 IST
HT Correspondent

Following a reconstitution, the first meeting of the audit advisory board of the Comptroller and Auditor General (CAG) will be held on Thursday, primarily to discuss pending proposal on amendment of CAG Act,1971.

The board was reconstituted, after an expansion on August 3, with 18 members, including the CAG Vinod Rai as the ex-officio chairman and six deputy CAGs as ex-officio members. The nominated members include ICICI Bank chairman KV Kamath, JP Morgan India's CEO Kalpana Morparia, actor & social activist Shabana Azmi and others.

"The opinions and suggestions of the nominated members go a long way in shaping the audit strategy and philosophy regarding CAG's role as the supreme audit institution in India," a source at CAG said.