The article outlines the importance of the Latin American and Caribbean Organization of Supreme Audit Institutions (OLACEFS), which has been an autonomous international body since its establishment in 1963. Its primary goal is to foster cooperation, experience sharing, training, and institutional strengthening among supreme audit institutions across Latin America and the Caribbean. By being part of the International Organization of Supreme Audit Institutions (INTOSAI), OLACEFS plays a crucial role in promoting regional efforts towards transparency and accountability in government operations.

The article highlights a significant initiative led by the Superior Audit Office of the Federation (ASF), which is part of a 'New Audit' approach. This approach emphasizes the importance of superior auditing as a vital instrument for improving public management regarding accountability. The ASF seeks to establish a vision that acknowledges the critical role of auditing in enhancing the effectiveness and credibility of government practices, aiming to fortify public trust in institutions.

Ultimately, the discussions around the 'New Audit' signify a pivotal shift in how auditing is perceived and executed in the region. By fostering collaboration and strengthening oversight mechanisms, OLACEFS and the ASF aim to create a more transparent and accountable public administration in Latin America and the Caribbean, which could have far-reaching implications for governance and public management within the region.