The Economic Times

Autonomous bodies should leverage risk-controls maturity scorecard to access financial prudence: CAG

CAG K Sanjay Murthy urged autonomous institutions to use the Risk-Control Maturity Scorecard (RCMS) for financial prudence. This self-monitoring tool aims to identify areas needing attention as the number of autonomous bodies and investments grow. The initiative shifts focus from reactive compliance to proactive risk management, with institutional management holding primary responsibility for controls.