"In a paradigm shift, the MoU will facilitate the use of professional knowledge and skills in the conduct of risk based Internal Audit and in the capacity building of Government Internal Auditors," a finance ministry statement said.
Office of CGA, which comes under Department of Expenditure, celebrated 41st anniversary of the inception of the Indian Civil Accounts Service (ICAS) yesterday.
"Since its inception, the ICAS has been a pioneer in the use of Information Technology in Payments, Accounting and Financial Reporting catering to the real time demand for accounting data on public finances by the decision makers," it said.
"In financial year 2016-17 so far, Government payments to the tune of Rs 5.95 lakh crore (out of the total payment of Rs 6.05 lakh crore) were routed through the electronic mode. 98 per cent of total payments of the Government in value terms and 95 per cent in volume terms have been routed through the e-payment mode," it said.
It also said that the Public Financial Management System (PFMS) has helped the Government to effectively monitor utilisation of funds transferred to States and implementing agencies, especially in respect of national priority schemes, through Direct Benefit Transfer (DBT).
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