The OLACEFS Presidency has made the report “Challenges and Good Practices of OLACEFS SAIs in the institutional implementation of ISSAIs” available to OLACEFS SAIs. The document is the result of a regional survey on matters implemented in 2017, the development of follow-up webinars, and collaboration with the INTOSAI Development Initiative (IDI).

The follow-up survey was successfully applied in 2017 with 19 OLACEFS members participating. These were: Argentina, Belize, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela. The webinars were also popular amongst SAIs in the region and were supported by OLACEFS’ strategic partners, including IDI and the World Bank.

The report sets out the challenges and good practices identified through the activities mentioned above and relating to:

  • Institutional planning for the implementation of ISSAIs;
  • The process of adapting standards;
  • Training and strengthening awareness of SAI personnel in this area, and
  • Action to consider in the application of ISSAIs.

The document is one of the products specified in the 2017 Annual Operating Plan of the Presidency, in the charge of Mexico’s SAI, and is part of Goal 4, to “Promote the Application of International Standards and Good Practices in Supreme Audit”, of the OLACEFS 2017-2022 Strategic Plan.

The actions carried out are based on the objectives established by Goal 3 of the “Strategy for Regional Strengthening of Awareness on Professional Auditing Standards”, adapted for the region by the former Working Group for the Application of International Auditing Standards (GTANIA), updated by the Presidency in 2017.

The documents can be found by clicking on these links:

Challenges and Good Practices of OLACEFS SAIs in Implementing ISSAIs 

Strategy for Regional Strengthening of Awareness on Professional Auditing Standards