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

Tags: National National News

The 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.