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

Bybit Secures Full Dubai License To Offer Regulated Crypto Services
News

Bybit Secures Full Dubai License To Offer Regulated Crypto Services

Cryptocurrency exchange Bybit has obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). It is...

Switzerland’s First Retail Spot Bitcoin ETF Targets November Launch
News

Switzerland’s First Retail Spot Bitcoin ETF Targets November Launch

Switzerland is set to offer its first-ever spot Bitcoin exchange-traded fund (ETF) for retail investors to trade in November 2026. The Swiss...

Anchorage Enables SharpLink’s $200M Ethereum Deployment On Blockchain
News

Anchorage Enables SharpLink’s $200M Ethereum Deployment On Blockchain

Sharplink, a Nasdaq-listed company that owns Ethereum (ETH) as the company’s primary treasury asset, has executed a $200 million on-chain deployment that...

SoFi Launches Tokenized Bank Deposits Offering A Variable 4.4% Yield
News

SoFi Launches Tokenized Bank Deposits Offering A Variable 4.4% Yield

SoFi Technologies has launched SoFi Earn (SOFIE), a product offering a variable yield of 4.4% on tokenized bank deposits. Available to SoFi...

Related Articles

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...

How To Build AI Agents From Scratch

Artificial Intelligence (AI) is no longer just about answering questions since AI...