CAG Signs MoU with IIT Delhi on Artificial Intelligence

Current Context: On 20th March, 2024, the Comptroller and Auditor General (CAG) of India and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) in New Delhi, India.

• The purpose of this MoU is to leverage Artificial Intelligence (AI) and other emerging technologies to advance audit practices.
• The collaboration focuses on four key areas:
• The use of AI in audit,
• The audit of AI systems,
• capacity building, and
• knowledge sharing.
• By implementing AI-driven algorithms and predictive analytics, auditors will be able to analyze vast volumes of data with unparalleled speed and precision.
• This partnership is expected to contribute to the objectives of the India AI Mission, advancing the frontiers of AI research, education, and application in the domain of audit.

Question:

Q.1 What is the purpose of the MoU between CAG of India and IIT Delhi?
a. To improve the education system in India
b. To promote sports in India
c. To leverage AI to advance audit practices
d. To develop new software technologies