Finance Minister P Chidambaram today said he intends to work with Comptroller and Auditor General (CAG) to erase the impression of adversaries in an attempt to restore trust and confidence in all institutions.
Addressing a Comptroller and Auditor (CAG) conference in New Delhi, Mr Chidambaram said the official auditor and the government have been cast as adversaries to each other in the aftermath of recent audit findings.
He said that the CAG has played a key role in addressing issues of good governance and the government is obliged to take necessary actions to address gaps in governance. The Finance minister said since policymaking by government is often through
trial and error and audit is a post decision exercise, hence the both come up as adversaries to each other.
Mr Chidambaram said the government would work to soon put in place a modern financial reporting system.