Thursday, November 13, 2014

Jaitley Recommend an Auditor's Role

Finance minister Arun Jaitley said that Government auditors must undertake their work in a straightforward manner and not sensationalize or convert public opinion into a lynch mob, cautioning them against aiding an environment of finger pointing through their reports. Auditor has to scrutinize thoroughly the decision-making process. Auditors should distinguish between a decision that's wrong in hindsight and corruption. "If he finds a corrupt view, then the level of discretion he exercises in commenting has to be (an) entirely different standard. If he finds two views are possible and his own view is probably different, he then can have a more liberal approach. The minister said audits were a requirement of good governance because accountability and transparency are essential for this.

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