Accountancy in Ecuador

>> Audit Requirements in Ecuador

All the companies than exceed of US $500,000 in total assets; and Branch of foreign corporations that exceed of US $100,000 in total assets, they must contract a financial audit.

International financial reporting standard IFRS.

The Superintendent of Companies, Securities and Insurance in the body of control of companies who ratified and established the obligation to apply the International Financial Reporting Standards (IFRS) full or Small and Medium-Sized Entities (IFRS to SME), of companies under its control and surveillance should implement these standards.


Latest version updated 11th April 2019

Country Breakdown

16.6

Million

Population

$

United States Dollar

Currency

$ 103.06

Billion

GDP

283,560

km2