In its strategic planning for 2017 – 2022, OLACEFS has taken into account Strategic Goal 4 to “promote the exchange of knowledge and experiences on procedures, good practices and lessons learned between member Supreme Audit Institutions, through assessment tools such as peer reviews and the performance measurement framework“.
Peer review is the evaluation of one SAI by another, at the request of the first. Participants are free to decide on the content and procedure to be applied, as well as the way to use the results, with the help of the Peer Reviews Guideline ISSAI 5600 of the International Organization of Supreme Audit Institutions (INTOSAI), which deals with preliminary aspects for peer reviews such as: Memorandum of Understanding (MOU), preparation and implementation, follow-up and evaluation, as well as useful steps for programming the work.
In OLACEFS a number of peer reviews have been conducted between SAIs from the region(1), and even between SAIs from different regional groups(2). In recent years, CEDEIR – OLACEFS’ Commission for the Evaluation and Performance of SAIs and Performance Indicators – has been implementing the Performance Measurement Framework tool for peer reviews, which has helped develop capacities and discover the level of implementation of International Standards of Supreme Audit Institutions (ISSAIs) and other international best practices for SAIs in internal processes and external results.
Given the potential of peer reviews, the INTOSAI Peer Review Subcommittee will meet to discuss their value and benefit, their usefulness as an assessment tool and the challenges. This will take place at the Peer Review Conference 2018 “Motivating and enabling SAIs to carry out Peer Reviews” to be held from June 20 to 22, 2018 in Bratislava, Slovakia. The conference aims to strengthen and promote the application of the tool and to share knowledge and lessons learned.
Bearing in mind the importance of knowledge and experience sharing for the ongoing strengthening of SAIs, the Bratislava meeting is an appropriate occasion for SAIs to discuss peer review and its challenges.
The Presidency of CEDEIR and the Presidency and Executive Secretariat of OLACEFS are pleased to pass on this invitation. For your perusal:
1 Peru’s SAI has collaborated to review the SAIs of Honduras, the Dominican Republic, El Salvador, Paraguay, Belize, Honduras and Guatemala.
2 In 2008, Peru’s SAI was reviewed by the SAIs of Costa Rica, Spain and Germany.