Vice-Chairperson, CP&GFM

One of the means of ensuring public accountability and transparency, whether in the case of commercial enterprises or in the case of the Government is the dissemination of relevant financial information that is often communicated through financial reports. It is also a vital ingredient of public financial management, therefore, there is need of high quality comprehensive and transparent financial reporting, good governance mechanism,   auditing and public financial management system in place in Government. In the direction of improving financial reporting and financial management in Government in India, the ICAI is also taking several steps through its Committee on Public and Government Financial Management.