Overview
- The CAG has notified a harmonised list of Object Heads for the Union and all states, advising adoption preferably from FY 2027–28 to improve transparency and comparability of spending.
- A pan‑India audit of MSME ease‑of‑doing‑business reforms is underway across 32 states and UTs, led by West Bengal’s Principal Accountant General, with survey feedback and a consolidated report slated for Parliament’s winter session 2026.
- The institution is assessing ESG disclosures by roughly 30 listed and 19 unlisted state‑run companies against Sebi’s BRSR framework, with a report expected in about four to five months.
- A Centre of Excellence for Financial Audit in Hyderabad has been announced to standardise methodologies, break silos between Audit and Accounts, and support AI‑enabled audits including development of an indigenous CAG‑LLM.
- Operational changes include plans for a central data hub covering PSUs and autonomous bodies and advancing Monthly Civil Accounts finalisation to the 10th of each month, along with clearer classification of mineral receipts.