The Latin American and Caribbean Organization of Supreme Audit Institutions (OLACEFS) is an autonomous, independent, and apolitical international body, established as a permanent association. Its mission is to conduct specialized scientific research and carry out studies, training, specialization, advisory and technical assistance, education, and coordination activities for its members, as well as to promote relations among them, with the aim of fostering their development and improvement.
It is based on the following principles:
I. Legal equality of the Organization's member entities, according to their categories.
II. Respect for the legal systems of each nation and the principles of International Law, considering the independence and sovereignty of each country to make its own decisions concerning the system of control and auditing of public resources.
III. Free admission and withdrawal of its members.
IV. Adherence to the democratic system of majority rule and respect for minority rights.
V. Decentralization of activities.
VI. Close and ongoing collaboration between the Organization and its members.
VII. Spirit of public service and prohibition of political interference of any kind.
VIII. Transparency.
IX. Rotation of all Full Members through the bodies of OLACEFS.
The members of the Organization are grouped into the following categories:
I. Full Members, corresponding to the Supreme Audit Institutions of the countries of Latin America and the Caribbean.
II. Associate Members, corresponding to subnational, state, or local Supreme Audit Institutions, Supreme Audit Institutions of other regions, and legal entities under public international law that contribute their technical or financial support to organizational development.
The status, powers, and obligations of the members will be detailed in the Regulations of the Constitutive Charter.
OLACEFS will be composed of the following bodies:
I. The General Assembly.
II. The Governing Council.
III. The Presidency.
IV. The Executive Secretariat.
V. The Committees.
VI. The Commissions.
Their heads shall be elected through the procedures established in this Charter and its Rules of Procedure.
Likewise, OLACEFS may create Working Groups, which shall not constitute governing bodies, under the terms provided for in this Charter and its Rules of Procedure.
The Presidency of OLACEFS is held by the Brazilian Federal Court of Accounts (TCU), represented by Minister Vital do Rêgo Filho, President of the Brazilian Federal Court of Accounts (TCU); elected unanimously during the XXXIV Ordinary General Assembly of OLACEFS, pursuant to Resolution No. 16/2025/AG of November 28, 2025, in the city of Fortaleza, Brazil.
From May 16, 2026, to December 31, 2028, the Comptroller General's Office of the Republic of Chile will head the Executive Secretariat.
Cuba became a member of this organization in 1989, represented by the Ministry of Audit and Control.