IIM Mumbai & CAG India Sign MoU to Strengthen Economic Governance and Accountability.
MOUs and Agreement
In March 2025, the Indian Institute of Management (IIM-Mumbai), based in Mumbai, Maharashtra, and the Comptroller and Auditor General (CAG) of India signed a Memorandum of Understanding (MoU) to enhance the efficiency and transparency of public sector logistics, supply chain, and inventory management.
- The MoU was signed in the presence of K. Sanjay Murthy, CAG of India, and Manoj Tiwari, Director, IIM-Mumbai, along with their respective teams in New Delhi, Delhi.
- This MoU marks an initiative led by CAG India, aiming to foster collaborations with institutes of national importance like IIM-Mumbai to strengthen capacity building for Indian Audit and Accounts Department (IAAD) officials, enhance auditing capabilities, and improve resource management across government departments and public sector enterprises (PSEs).
Main Point :- (i) This strategic partnership seeks to enhance auditors' sector-specific expertise, improve risk and performance analysis, and promote transparency, accountability, and data-driven excellence in public financial management.
(ii) A customized training course for 45 CAG officials is scheduled to commence in the 3rd week of April 2025.
(iii) The course is designed to equip CAG officials with essential skills to effectively audit and manage logistics and supply chain operations within the public sector.
About Comptroller and Auditor General (CAG)
Inaugural holder: V. Narahari Rao
Residence: New Delhi, Delhi
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