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As the Chairman, the CAG of India plays a key role in achieving the Panel s objective of greater degree of collaboration and coordination, and exchange of information on audit methods and findings, among the Panel members, said an official statement. CAG leads the Panel as a distinctive forum to support the delivery of high quality, standards-based assurance, to ensure that reported financial information provides a transparent and accurate basis for the financial decisions made by the United Nations and its Specialized Agencies, the statement said.
The UN General Assembly had in 1959 established the Panel of External Auditors, comprising the individual external auditors of the United Nations system, who are also heads of supreme audit institutions Comptroller and Auditors General of their respective countries.