The role of internal auditors in Cuba: challenges and opportunities

Abstract

This article analyzes the role of internal auditors in Cuba, highlighting their responsibilities, challenges, and opportunities within the current regulatory framework. Based on an analysis of Law 158/2022, Resolution 364/2023, and Resolution 76/2020, along with recent studies on auditing in emerging markets, the study reveals that internal auditors are critical to ensuring transparency, preventing fraud, and optimizing the use of state resources. However, they face challenges such as conflicts of interest, disciplinary risks, and the need to maintain independence in a state-controlled economy. Opportunities include training programs, anti-corruption efforts, and international collaboration. Comparisons with emerging markets, such as Arab countries, show similar challenges in independence and professional competence, but also the potential for diversity in audit teams. It is recommended that internal auditing be strengthened through clear guidelines on independence, greater investment in training, and the promotion of diversity. This analysis seeks to contribute to a better understanding of how to improve internal auditing in Cuba to foster accountability and efficiency.