The Latin American and Caribbean Organization of Supreme Audit Institutions is an organization of a permanent nature; international, autonomous, independent and apolitical. The institution was created in 1963 in Caracas, Venezuela, with the First Latin American Congress of Supreme Audit Institutions, CLADEFS. There was a need for a high level forum to exchange ideas and experiences related to government and fiscal control and promote the cooperation and development of relationships between the two. The recommendation of the congress was to create a Latin American Institute of Fiscal Control to perform the function of specialized research and serve as a center for information, education, coordination and mutual assistance between audit institutions.

In the Second Latin American Conference of Audit Institutions on April 9, 1965 in Santiago, Chile, the Latin American Institute of Auditing Sciences (ILACIF) was created. The Office of the Comptroller General of the Republic of Chile had prepared the draft charter which was complemented by and merged with the special study by the Office of the Comptroller General of the Republic of Venezuela. The signatory countries were Argentina, Brazil, Colombia, Chile, Ecuador, El Salvador, Mexico, Nicaragua, Panama, Puerto Rico, the Dominican Republic, Uruguay and Venezuela. These were later joined by Peru, Bolivia, Costa Rica, Guatemala, Honduras, Paraguay, Netherland Antilles and Suriname. In this conference the Office of the Comptroller General of the Bolivarian Republic of Venezuela was designated headquarters of the Institute and the comptroller of Venezuela, Luis A. Pietri, was appointed president of the Institution. His mandate was extended until 1972.

The third congress was held in Bogota, Colombia in 1972. The Office of the Comptroller General of the Republic of Peru was designated host of ILACIF for the three-year period between 1973-1975. During this period the presidents were comptrollers William Schroth Carlin and Leoncio Perez Tenaud.

In the Fourth Latin American Congress, held in Lima, Peru in 1975, the State of Ecuador was designated as General Headquarters for the period 1976-1978. Solon Espinoza and Edmundo Castillo Rea were presidents during this period.

The Fifth Latin American Congress was held in 1978 in Quito, Ecuador, where the Office of the Comptroller General of the Republic of Colombia was designated headquarters for the period 1979-1981. Its President was Anibal Martinez Zuleta.

In the Sixth Latin American Congress, held in Guatemala in 1981, it was agreed that the Comptroller General of the Republic of Colombia continue as headquarters for the period 1982 to 1984. The comptroller of the country, Rodolfo Gonzales Garcia, was appointed president.

At the Seventh Congress in Brasilia, Brazil, in 1984, the Offices of the Comptroller General of the Republic of Peru was chosen as headquarters of ILACIF for the period 1986-1990. Its presidents were Comptrollers General Miguel Angel Cusianovich and Dr. Luz Aurea Saenz Arana.

In 1989 ILACIF adopted changes recommended by a reformative commission in its statutes, its charter and its organizational structure. In an extraordinary session on October 11, 1990, during the Extraordinary General Assembly held in Buenos Aires, Argentina, it was agreed that the institution change its name to the current “Latin American and Caribbean Organization of Supreme Audit Institutions”, (OLACEFS). The term “organization” was considered more appropriate for an entity that brought together the highest level officials on control and audit matters.

OLACEFS carries out specialized scientific research and develops training, expertise, advice and technical assistance, information and collaboration, all in the service of the Supreme Audit Institutions (SAIs) of Latin America and the Caribbean. These tasks are carried out with the objective of promoting their evolution and advancement, as prescribed by article 2 of its charter.

From January 1991, Mexico hosted OLACEFS for a period of six years. For this period Javier Castillo Ayala, Senior Accountant of the Contaduria Mayor de Hacienda of Mexico, was president.

Later, at the Sixth Ordinary Meeting of OLACEFS, held in Guatemala City in November 1996, Peru was again chosen host country for the period 1997-2002 with Dr. Genaro Matute Mejía performing the duties of president.

The Eighth Ordinary General Meeting of OLACEFS was held in Caracas, Venezuela, between October 12 and 16, 1998. It was agreed at this meeting to set April 9 of each year as the organization’s commemorative day, and on this date we have various activities that help spread our message, along with regional training, research and technical assistance events, thus further helping us strengthen our bonds of friendship, understanding and cooperation.

In the XII General Meeting held in Mexico in 2002, the Office of the Comptroller General of the Bolivarian Republic of Venezuela was chosen to take on the presidency of OLACEFS from 2003-2004 in accordance with the charter and its reformed regulations. Comptroller General Dr. Russián Uzcátegui assumed the presidency. For the period 2005-2006, OLACEFS was hosted by the Office of the Comptroller General of the Republic of Chile, presided over by Comptroller Dr. Gustavo Sciolla Avendaño.

For the period 2007-2008, the presidency of OLACEFS was held by Dr. Rafael Hernán R. Contreras, President of the Court of Accounts of the Republic of El Salvador. In the eighteenth OLACEFS General Meeting, held in Bogotá, Colombia in October 2008, members elected the Office of the Comptroller General of the Republic of Colombia, presided over by Comptroller General Dr. Julio Cesar Turbay Quintero, to take over the presidency for the period 2009-2010. During this meeting it was also decided to extend the location of the headquarters for 4 more years (2009-2012), which since 2003 had been located in the city of Panama under the charge of the Office of the Comptroller General of the Republic.

As part of the Twentieth Annual General Meeting, held in July 2010 in the city of Antigua, Guatemala, members of the organization unanimously approved the election of the Office of the Comptroller General of the Republic of Ecuador as the seat of the new presidency of OLACEFS for the period 2011-2012, under Dr. Carlos Polit Faggioni.

It should be noted that OLACEFS is a regional group of the International Organization of Supreme Audit Institutions (INTOSAI), a global institution that requires members to have had prior links with the United Nations.

However, according to its charter OLACEFS is an autonomous body established at the behest of the SAIs that comprise the organization. It should be pointed out that the relationship between the organization and INTOSAI is not one of dependence but rather of coordination, pursuant to Article 41 º of the charter which states: “…… OLACEFS will maintain proper interaction and coordination with the INTOSAI “.

Currently the member entities of OLACEFS come from the following 24 countries: Netherlands Antilles, Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Dominican Republic, Uruguay, Venezuela, Spain and Portugal.