The President of Peru opens the event on Tuesday November 25

The fight against corruption in Latin America and the Caribbean is a central topic of discussion at the 24th Ordinary General Assembly of the Organisation of Latin American and Caribbean Supreme Audit Institutions (OLACEFS), which opened on November 25 in the city of Cusco, Peru.

The opening ceremony was attended by President of the Republic of Peru Ollanta Humala Taso, President of TCU and OLACEFS Minister Augusto Nardes, Executive Secretary of OLACEFS and Comptroller General of the Republic of Chile Ramiro Mendoza Zúñiga, and the host of the event, Comptroller General of Peru Fuad Khoury Zarzar. The importance was highlighted of integration and cooperation in the search for good governance mechanisms as a way of promoting the fight against corruption, national development and the quality of life of citizens.

As an example of the acts of cooperation, Nardes mentioned coordinated audits, which stared in Latina America and are today internationally recognised. He also cited the implementation of a Latin American and Caribbean network to combat corruption which will be discussed at the Assembly. “These initiatives demonstrate that Latin America is capable of showing all countries that this union is necessary, not only for the development of our region, but for the whole world.”

The President of Peru, Ollanta Humala, stressed the necessity of outlining effective strategies to combat corruption. According to Humala, corruption has grown systematically in recent years and has had devastating effects on social, political and economic development in Latin American and Caribbean countries. “With corruption, states ask for resources which must be used to improve living conditions for the citizens, particularly the most needy,” he said.

The Comptroller General of the Republic of Peru, Fuad Khoury Zarzar, explained that the reason for choosing Cusco – the capital of the Inca empire – for the OLACEFS General Assembly, was because the Inca civilisation was highly developed both socially and politically, and in terms of the organisation and control of their resources. “This demonstrates that our ancestors knew that public control has a fundamental role for the development of society, and for that reason we are gathered here today, the Supreme Audit Institutions, with the same aim.”

At the end of the opening ceremony, as a symbol of the link between the Incas and the birth of accounting, those seated at the table of honour received a “quipu” – a tool using knots and ropes used for registering and conveying accounting information.