Home Prepare For Auditing AI-Based Governance Systems

Prepare For Auditing AI-Based Governance Systems

Share
Share

Prepare For Auditing AI-Based Governance Systems 

As artificial intelligence (AI) makes “greater inroads” into governance, Comptroller and Auditor General of India Girish Chandra Murmu stated on Monday that Supreme Audit Institutions must inevitably prepare themselves for auditing AI-based governance systems and look for opportunities to incorporate AI into their audit techniques to increase their effectiveness.

Addressing the second SAI20 Summit of the SAI20 Engagement Group under the Indian Presidency of G20, Murmu said, “The reality of Artificial Intelligence has come a long way since the term was first coined in 1956 by John McCarthy at a workshop held in Dartmouth. Today, it is an integral part of our lives, whether we realise it or not. There is a curiosity and belief that AI can help countries achieve development goals, impacting economic growth while simultaneously disrupting labour markets.”

Amitabh Kant, India’s G20 Sherpa, also spoke at the SAI20 Summit, which will cover two topics over two days: the Blue Economy and Responsible AI.

Highlighting the need for responsible AI, Murmu said, “Considering the power, possibility and perils of AI, it is essential that policy makers put in place processes to responsibly harness the potential of this technology.”

(With inputs from Shikha Singh)

Share

Latest News

Bitcoin Whales Buy $1.2 Billion In BTC As ETFs Pull In $750 Million This Week
News

Bitcoin Whales Buy $1.2 Billion In BTC As ETFs Pull In $750 Million This Week

Since July 29, wallets with 10 to 10,000 BTC have purchased nearly 20,000 BTC, or almost $1.2 billion at current pricing. This...

Blockchain.com Secures Cayman Custody License, Expands Regulated Crypto Services
News

Blockchain.com Secures Cayman Custody License, Expands Regulated Crypto Services

The Cayman Islands Monetary Authority (CIMA) granted Blockchain.com a VASP license so that company may provide regulated cryptocurrency custody services. The company...

Wintermute Secures U.S. Broker-dealer License To Expand Into Traditional Financial Markets
News

Wintermute Secures U.S. Broker-dealer License To Expand Into Traditional Financial Markets

Wintermute USA can now enter regulated U.S. financial markets because it has registered as a broker-dealer with the SEC and FINRA. Wintermute’s...

MetaMask Launches AI Agent Wallet For Automated On-chain Trading
News

MetaMask Launches AI Agent Wallet For Automated On-chain Trading

Agent Wallet, a self-custodial wallet that enables AI agents to carry out on-chain transactions while adhering to user-established restrictions, has been formally...

Related Articles

Best Memecoin Launchpads Of 2026

Memecoins have been a point of attraction for crypto investors since their...

Best AI Crypto Projects Of 2026

The Artificial Intelligence (AI) sector is attracting very significant venture capital investments...

This Is How Indians Can Invest In Global Assets In 2026

Introduction Can Indians invest in global assets, too? The answer is yes....

Click, Tokenize, Own: How RWA Tokenization Is Rewriting Financial Markets

A Quiet Revolution In Ownership Each generation tends to think it is...