CAG, IIM Mumbai sign MoU to enhance audit methods for supply chain efficiency

NEW DELHI: The CAG and IIM, Mumbai entered into an agreement on Tuesday to enhance capacity building of the federal auditor towards auditing govt departments in bringing efficiency and transparency of public sector logistic supply chain and inventory management.

An MoU was signed by CAG Sanjay Murthy and Manoj Tiwari, director of IIM, Mumbai here focusing on leveraging IIM’s academic expertise to support the CAG in refining audit methodologies for logistics, supply chains, and inventory management.

“Through this collaboration, IIM Mumbai will provide research, advisory services and specialized training aimed at optimizing logistics and supply chain practices in the public sector,” CAG said, adding that the partnership will help develop new audit frameworks to improve the assessment and management of public sector operations.

To start with, a customized training course for 45 CAG officials has been scheduled in the third week of April where it will equip auditors with the essential skills needed to effectively audit and manage logistics and supply chain operations.

“This collaboration marks an important step in improving the management, accountability, and efficiency of public sector logistics, supply chains, and inventory management, ultimately contributing to better governance and resource utilization,” Murthy said.

Stay informed with the latest business news, updates on bank holidays and public holidays.

Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!