Comptroller and Auditor-General of India Vinod Rai on Friday constituted a new 15-member audit advisory board for a two-year term.

With the CAG as its ex-officio Chairman, the board will advise the government auditor in matters of audit and suggest improvements in the performance and focus of audit within the framework of the Constitution and statutory mandate of the CAG, an official statement said.

The board members, who will function in an honorary capacity are, ICICI Bank non-executive Chairman K.V. Kamath, JP Morgan India CEO Kalpana Morparia, Centre for Policy Research President Pratap Bhanu Mehta, Centre for Science and Environment Director-General Sunita Narain, Arghyam Chairperson Rohini Nilekani, UNICEF Advisor A.K. Shiva Kumar, social activist Shabana Azmi, the former Delhi Chief Secretary Shailaja Chandra, and public finance consultant T. Sethumadhavan.