Estados Financieros Sector Construcción en Ecuador: Impacto De la Consolidación y Distribución de Gastos en Microempresas

Expenses are an important item in financial statements, and the sustainability of a company depends on its proper control. This paper analyses the financial statements for a set of Ecuadorian Constructions micro enterprise, as determined by CIUU classification. The sample was randomly taken with a confidence of 95%, Z=1.96 and 5% error, from a universe of 362 companies located in three main provinces: Pichincha, Guayas and Azuay. Results provide evidence of poor consolidation and distribution of expenditures, and apparently no reviewing process of the items in the reported financial statements. In some of the Guayas's cases analyzed, information was incomplete, which suggests a lack of control from the competent authority. This situation could encourage the proliferation of phantom companies.