Resolution No. 118, dated September 5, 2025, was published in Official Gazette No. 118, dated September 5, 2025. SCVS-INC-DNCDN-2025-0005, which amends Art. 2 of the Regulations on External Auditing. The following is a summary of its contents.
As of the close of fiscal year 2025, the Superintendence of Companies, Securities and Insurance – SCVS, modifies the amount of assets to be considered by the companies subject to its control and surveillance to contract and submit their financial statements to the external audit opinion. Thus:
| Control subjects | Amount of assets |
| National mixed economy companies, joint stock companies and simplified joint stock companies with participation of legal entities under public or private law with social or public purpose. | Greater than/equal to 273 Unified Basic Wages – SBU |
| Branches of foreign companies or enterprises organized as legal entities that have been established in Ecuador. | |
| Domestic corporations, limited liability companies, limited joint-stock companies and simplified joint-stock companies. | Greater than/equal to 1366 SBU |
| Companies subject to the control and supervision of the SCVS, required to file consolidated balance sheets. | Obligors without considering asset limit |
- The verification of the aforementioned amounts will be based on the amounts disclosed in the statement of financial position presented to the SCVS in the previous fiscal year.
- The amount of assets will be automatically adjusted based on the SBU established for each fiscal year.
- For the presentation of audited financial statements corresponding to fiscal years prior to 2025, the amount of assets set forth in Resolution No. SCVS-INC-DNCDN-2021-0012 (US$ 100,000.00-500,000.00).
Quito D.M. / Guayaquil, September 2025
