Análisis de la resolución SCVS-INC-DNCDN-2021-0012; referente a la reforma del Art. 14 del reglamento sobre Auditoría Externa de la Superintendencia de Compañías, Valores y Seguros, que se refiere a la "Limitación para la auditoría externa a un mismo sujeto auditado", en las empresas de auditoría externa ubicadas en el Distrito Metropolitano de Quito, en los períodos del 2021 al 2023

Abstract

Resolution No. SCVS-INC-DNCDN-2021-0012, issued by the Superintendency of Companies, Securities, and Insurance (SCVS), stands for an important milestone in the regulation of external auditing in the country. This article is oriented to the analysis of the "Limitation for external auditing to the same audited subject" mentioned in article 14 of this resolution (2021), which requires a rotation of audit teams to strengthen the independence and objectivity of the process. This study focuses on companies that offer external audit services, located in the Province of Pichincha, Quito; to study in depth the effects generated by the application of said resolution; under the premise of a possible labor limitation generated by the new cooling times that must be carried out when the professional(s) comply with certain periods of activity. Through an analysis of the changes in the quality of the audit services provided by auditing companies, in addition to figuring out the degree of adaptability of these companies to this possible new labor limitation; In turn, evaluating the effectiveness of the strategies implemented for said adaptability. This will allow us to understand the impact, process, and degree of adaptation faced by auditing companies. Finally, the results of this research indicate that the application of Resolution SCVS-INCDNCDN-2021-0012 demonstrated positive results both in the quality of audit services and in the detection of vulnerabilities and risks in the operation of companies that offer audit services; reflected both in the opinion of clients and the perception of companies regarding its execution. Under the compliance approach of this Resolution, it is clear that companies have adapted by adopting various strategies, highlighting some such as internal rotation and collaboration between firms, which have proven to be effective. However, it raises questions about longterm sustainability, which is why gradual adjustments to internal policies are proposed.