Second summit of Supreme Audit Institutions of G20 countries began in Goa

Tags: National National News

G20-countries-began-in-GoaThe second summit of the Supreme Audit Institutions (SAIs) of the G20 countries began on 12 June in Panaji, the capital of Goa.

An overview of the news

  • The inaugural address at the summit was delivered by the Comptroller and Auditor General of India (CAG) Girish Chandra Murmu.

  • Goa Governor PS Sreedharan Pillai and India's G20 Sherpa Amitabh Kant also attended the meeting.

  • SAIs from Australia, Brazil, Indonesia, South Korea, Russia, Saudi Arabia, Turkey, Bangladesh, Egypt, Mauritius, Nigeria, Oman, Spain, UAE, Morocco and Poland participated in the summit.

  • Apart from the proceedings of the summit, the CAG is expected to sign MoUs with SAIs of Indonesia and Turkey to strengthen cooperation and knowledge sharing.

  • Apart from SAI, over 80 national and international delegates as well as representatives from Think20 and Youth20 Engagement Groups are participating in the three-day summit.

Summit Focus Areas

  • The two primary areas of focus at the summit will be Blue Economy and Responsible Artificial Intelligence, with Girish Chandra Murmu discussing these topics.

  • The concept of blue economy revolves around the conservation and utilization of oceans, seas and marine resources for sustainable development.

  • Responsive Artificial Intelligence (AI) enables fraud detection, automates redundant auditing processes and identifies high-risk transactions.

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