The Caribbean Organization of Supreme Audit Institutions (CAROSAI) was established on August 7, 1988, for the purpose of strengthening public sector accountability through the promotion and enhancement of exchanges and cooperation among participating member institutions. The organization facilitates these exchanges through the convening of congresses, workshops and seminars which are designed to:
- promote the importance of the internal audit function amongst public sector entity professionals.
- increase the exchange of knowledge and experiences among members.
- provide training and continued professional development opportunities.
- promote the harmonization of policies, auditing practices and standards.
- strengthen cooperation among member institutions
In addition to the key function of training, we pay an annual membership fee of $1500.00 us per year and that said fee covers Training. It is comprised of twenty-three (23) members SAIs namely Anguilla, Antigua & Barbuda, Aruba, Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Cayman Islands, Curacao, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, Sint Maarten, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands. CAROSAI is also responsible for:
- the establishment of committees to study specific subjects and to provide recommendations thereon.
- the promotion of research and publication of articles in relation to auditing.
- the leveraging of donor funding to support countries in the implementation of their programme
CAROSAI is an affiliate of the International Organization of Supreme Audit Institutions (INTOSAI). The Secretariat is in Castries, St Lucia.
The International Organisation of Supreme Audit Institutions (INTOSAI) operates as an umbrella organisation for the external government audit community. For more than 50 years it has provided an institutionalised framework for supreme audit institutions to promote development and transfer of knowledge, improve government auditing worldwide and enhance professional capacities, standing and influence of member SAIs in their respective countries. In keeping with INTOSAI’s motto, ‘Experientia mutua omnibus prodest’, the exchange of experience among INTOSAI members and the findings and insights which result, are a guarantee that government auditing continuously progresses with new developments.
INTOSAI is an autonomous, independent and non-political organisation. It is a non-governmental organisation with special consultative status with the Economic and Social Council (ECOSOC) of the United Nations.
INTOSAI was founded in 1953 at the initiative of Emilio Fernandez Camus, then President of the SAI of Cuba. At that time, 34 SAIs met for the 1st INTOSAI Congress in Cuba. At present INTOSAI has 192 Full Members and 5 Associated Members. We pay an annual membership fee of EURO $541.00