The Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) is an international, autonomous, independent, apolitical and permanent organization. Its objectives are as follows:
- Conduct scientific investigation;
- Develop study, training and specialization;
- Provide technical advice, assistance and coordination for the SAIs of Latin America and the Caribbean.
The conceptual vision of OLACEFS focuses on promoting the participation of different SAIs in their own development and improvement.
OLACEFS has a long tradition dating back to 1963 (proposal for the establishment of a Latin American Institute of Auditing Sciences (ILACIF), which was implemented in 1965).
Under its current title OLACEFS has existed since 1990.