Tag: OLACEFS

In order to face the challenges of developing new strategies for public governance, it is a sine qua non requirement to work with efficiency and the citizen trust. To achieve this, the Supreme Audit Institutions (SAIs) are indispensable to ensure government transparency and accountability, which helps to maintain a financial discipline, and fight against corruption and impunity.

In the context of information society, digital transformation has led to an exponential growth in the production and storage of data, giving birth to what is known as data science, to address the need for new tools capable of smartly processing great volumes of data and transforming them into actionable information for decision-making in multiple environments.

Over time, many definitions have been given to the term Artificial Intelligence (AI), and the association of the term with others, such as machine learning and deep learning, has resulted in difficulties for a better understanding of the topic.

Supreme Audit Institutions (SAIs) are the cornerstone of maintaining accountability, transparency and effectiveness in the public sector, particularly in government operations. However, as technology evolves at breakneck speed, it is imperative that SAIs embrace cutting-edge data technologies, such as Machine Learning (ML), to revolutionize their auditing processes. With ML, SAIs can enhance efficiency, accuracy and effectiveness, providing a more comprehensive, data-driven analysis of government operations, thus ensuring the highest standards of accountability and trust.

By Minister Bruno Dantas, President of the Tribunal de Contas da União (TCU) Organizing the…

Over the years, the Latin American and Caribbean Organization of Supreme Audit Institutions (OLACEFS) has developed new spaces and advances in terms of Gender Equality.

The Capacity Building Committee (CCC) of the Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) launched the 2022-2024 OLACEFS Training Plan, which contemplates the offer of capacity building initiatives for the three-year period. 

SAI Peru is expanding its concurrent control to all public procurement of goods, provision of services, and execution of public works over 10 million soles (approximately $2.45 million USD), in accordance with a new law passed by the Congress of the Republic. Concurrent control’s real-time, multidisciplinary oversight enables SAIs to…

The XXX Ordinary General Assembly of the Organization of Latin American and Supreme Audit Institutions (OLACEFS) took place from December 1-3, 2021, in Cartagena de Indias, Colombia. The long-awaited meeting was held…

From October 1 to November 3, 2021, the Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) held a successful series of Keynote Lectures on Governmental Control, to mark the 6th anniversary of the United Nations’ (UN) Sustainable Development Goals. These 22 conference sessions attracted an online audience of more than 15,000. The objective of the Keynote Lectures was to…

In 2021, the Commission for Information and Communication Technologies (CTIC) of the Organization of Latin American and Caribbean Supreme Audit Institutions (OLACEFS) undertook numerous efforts to help the region’s SAIs enhance the impact of their work through communication technologies. CTIC is…