India’s Ministry of Finance is examining internal audit procedures and tools to implement a standard internal audit protocol for all government ministries and departments, The Tribune of India reports. The Department of Expenditure requested the update in response to the government’s increased reliance on digital financial transactions.
“The Public Financial Management System (PFMS) and the Non-Tax Receipt Portal (NTRP) have become major repositories of electronic data relating to government finances and hence there is a need to re-look at our systems and tools for conducting e-audit,” a senior government officer told the Tribune. The PFMS monitors public fund spending in the social sector; NTRP is an online payment platform for Indian ministries and departments.
The Controller General of Accounts (CGA) has requested information about digital payment technologies and procedures from its field establishments to inform development of the standard internal audit protocol. 