CAGs of India & Chile Sign MoU to enhance the professional practices between two countries
The Comptroller and Auditor General (CAG) of India and the Comptroller General of the Republic of Chile signed a Memorandum of Understanding (MoU) to develop institutional and professional capacities and learn from each other’s best practices in Santiago, Chile.
- The MoU was formally signed by Girish Chandra Murmu, CAG of India, and Jorge Bermudez Soto, the Comptroller General of the Republic of Chile.
Key Points:
i.Under the MoU, both parties agreed to assist capacity building, share methodology for public audits, and conduct training programmes in their respective nations.
ii.The MoU will bring in a new era of constructive engagement and deepen bilateral ties with Chile’s Supreme Audit Institution (SAI).
Comptroller and Auditor General of India
i.The Comptroller and Auditor General (CAG) of India is the head of the Supreme Audit Institution of India (SAI India) and performs his constitutional duties through the Indian Audit and Accounts Department (IAAD).
ii.The CAG of India is an independent jurisdiction constituted by Article 148 of the Indian Constitution.
- Article 148: There shall be a Comptroller and Auditor-General of India who shall be appointed by the President by warrant under his hand and seal and shall only be removed from office in like manner and on like grounds as a Judge of the Supreme Court.
iii.The CAG of India, also known as the “Guardian of the Public Purse,” is entrusted with inspecting and auditing all the
About the Republic of Chile:
President – Gabriel Boric
Capital – Santiago
Currency – Chilean Peso (CLP)