Update of asset thresholds for entities subject to the supervision of the Superintendence of Companies, Securities and Insurance, requiring their annual financial statements to be submitted to mandatory external audit.
Supplement No. 118 of the Official Register, dated September 5, 2025, published Resolution No. SCVS-INC-DNCDN-2025-0005 of August 27, 2025, issued by the Superintendence of Companies, Securities and Insurance, which, for the purposes of external audit, the amounts that were previously expressed in United States dollars have been replaced with values equivalent to a specific number of minimum wages. In this manner, the thresholds applicable to the assets of domestic entities, as well as branches of foreign corporations or other foreign companies organized as legal entities, shall be adjusted automatically on an annual basis.
Under these amendments, the following entities are required to submit their annual financial statements to external audit review:
- a) Domestic mixed-economy companies, corporations, and simplified joint-stock corporations with the participation of public entities or private legal entities with a social or public purpose, whose assets exceed two hundred seventy-three (273) minimum wages.
- b) Branches of foreign corporations or enterprises organized as legal entities and established in Ecuador, provided that their assets exceed two hundred seventy-three (273) minimum wages.
- c) Domestic corporations, limited liability companies, partnerships limited by shares, and simplified joint-stock corporations whose assets exceed one thousand three hundred sixty-six (1,366) minimum wages.
- d) Entities subject to the control and oversight of the Superintendence of Companies, Securities and Insurance, which are required to file consolidated financial statements.
For purposes of the Regulation on External Audit, “assets” shall mean the total assets recorded in the statement of financial position submitted by the respective company to the Superintendence of Companies, Securities and Insurance in the prior fiscal year.
These amendments shall apply from the statement of financial position corresponding to the fiscal year 2025.
