Peer review found no fault in CAG audit on 2G: Vinod Rai

In an interview with Network18's Karan Thapar, former CAG (Comptroller and Auditor General) Vinod Rai defended the CAG's report on the 2G spectrum auction.

Vinod Rai added that the CAG has followed best  practices while auditing the loss in the 2G auctions. "In India, the CAG is generically referred to as the supreme audit institution. But at the same time, we decided on a peer review by the auditor general of another country." Also Read: CAG's parting kick may bruise Sibal over Rs 1.76 lkhcr loss
The peer review was conducted by a team of 14 constituted by the Auditor General of Australia and comprising experts from Australia, the UK, the US, the Netherlands, Denmark and Canada, said Rai. "The report has not found any fault in our auditing framework and was placed on the CAG website in 2012."