The Superintendence of Companies, Securities and Insurance of Ecuador (SCVS) issued Resolution No. SCVS-INC-DNCDN-2025-0005, published on September 5th , 2025. Through this resolution, the thresholds of total assets that require companies to engage external auditors for their annual financial statements have been updated.

The SCVS replaced the previously established thresholds in U.S. dollars with the Unified Basic Salary (SBU) as the reference unit to determine the mandatory external audit requirement. This change allows for the automatic annual adjustment of the limits in accordance with the country’s economic variation.

COMPANIES SUBJECT TO MANDATORY EXTERNAL AUDIT AND APPLICABLE THRESHOLDS:

Starting from fiscal year 2025, the following legal entities will be required to submit their financial statements to external audit:

  1. National mixed-economy companies, corporations, and simplified joint-stock companies (S.A.S.) in which public or private entities with social or public purposes participate, whose total assets exceed 273 SBUs, equivalent to (USD $111,390.00).
  2. Branches of foreign companies established in Ecuador, whose total assets exceed 273 SBUs, equivalent to (USD $111,390.00).
  3. National corporations, limited liability companies, partnerships limited by shares, and simplified joint-stock companies (S.A.S.), whose total assets exceed 1,366 SBUs, equivalent to (USD $642,020.00).
  4. Companies under the supervision of the SCVS that are required to file consolidated financial statements, regardless of the amount of their assets. This applies to business groups.

For companies that still have pending obligations corresponding to fiscal years prior to 2025, the asset thresholds established under Resolution No. SCVS-INC-DNCDN-2021-0012 will remain in force.