In Spain

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

, the Tribunal de Cuentas (Court of Accounts) is the supreme financial accounts

Financial accountancy

Financial accountancy is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders...

 body, and is also responsible for both the state and the public sector

Public sector

The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...

's economy management, without detriment to its own jurisdiction

Jurisdiction

Jurisdiction is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility...

, in accordance with the Constitution

Spanish Constitution of 1978

-Structure of the State:The Constitution recognizes the existence of nationalities and regions . Preliminary Title As a result, Spain is now composed entirely of 17 Autonomous Communities and two autonomous cities with varying degrees of autonomy, to the extent that, even though the Constitution...

 and its Organic Law

Organic Law (Spain)

An Organic Law in Spanish law under the present Spanish Constitution of 1978 must be passed by an absolute majority of the Congress of Deputies...

.

The equivalent of the Court of Accounts in Latin America

Latin America

Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

 is the General Controller's Department of the Republic.

Activities

The Court of Accounts has the following functions:

• External audit
  Audit
  The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but similar concepts also exist in project management, quality management, and energy conservation.- Accounting...
  
   of the public sector's economic-financial activities.
• The responsibility for procedures involving those who have the office of managing wealth or public assets.

In 1974 the Court hosted VIII INCOSAI, the eighth triennial convention of the International Organization of Supreme Audit Institutions

International Organization of Supreme Audit Institutions

The International Organization of Supreme Audit Institutions is a worldwide affiliation of governmental entities. Its members are the Chief Financial Controller/Comptroller General Offices of nations.INTOSAI was founded in 1953 in Havana, Cuba...

.

Organisation

The decisions of the Court of Accounts, made in a way determined by their Operating Law, are subject to appeal

Appeal

An appeal is a petition for review of a case that has been decided by a court of law. The petition is made to a higher court for the purpose of overturning the lower court's decision....

 and revision before the Supreme Court

Supreme Court of Spain

The Supreme Court of Spain is the highest court in Spain for all matters not pertaining to the Spanish Constitution. The court which meets in the Convent of the Salesas Reales in Madrid, consists of a president and an indeterminate number of magistrates appointed to the five chambers of the...

.

The current President (Presidente del Tribunal de Cuentas) is MANUEL NÚÑEZ PÉREZ (Real Decreto 1539/2007, de 23 de noviembre -BOE 26.11.07)