Compliance

The Superintendency of Banks of the Central Bank of Paraguay requires that financial system entities annually submit financial statements audited by duly licensed external firms. Registered auditors must demonstrate absolute independence from the audited entity, follow the audit standards issued by the Superintendency itself, and retain working papers for a minimum of five years. PCG holds this current license, which allows us to issue audit reports valid before the regulatory body.

The Superintendency of Insurance of the Central Bank of Paraguay licenses and supervises external auditors authorized to opine on the financial statements of insurance and reinsurance companies. Insurance sector entities are required to submit an external audit report to the Superintendency annually, issued by a professional registered in the official registry. The resolution establishes categorization scales and experience requirements that guarantee the technical suitability of licensed auditors.

The Securities Superintendency —formerly the National Securities Commission, replaced by Law N° 7,162/23— oversees the proper functioning of the Paraguayan capital market and requires that securities issuing companies have external audits performed by firms registered in its official registry. The body has the authority to control auditor performance, establish report content, and request additional information at any time. PCG has been registered in this registry since 2009.

General Resolution N° 30/2019 of the SET —now administered by the National Directorate of Tax Revenue (DNIT)— regulates the registration and operation of External Tax Auditors. To obtain the registration, the firm must have the corresponding economic activity declared (code 69207), be up to date with its tax obligations, and process the application through the Marangatu System. The licensed auditor must express an opinion on the reasonableness of the taxpayer's financial statements and include a specific report on tax matters.

INCOOP maintains an official registry of independent auditors licensed to audit savings, credit and production cooperatives. To register, the auditor must be registered with the Paraguayan Institute of Accountants and meet the technical requirements established by the Supervision and Inspection Directorate. Licensed auditors are required to issue reports on the financial, economic and equity situation of the cooperative for each audited fiscal year, and to make their follow-up reports available to INCOOP when required.

SEPRELAD regulates accountants and auditors as obligated subjects regarding the prevention of asset laundering, terrorist financing and proliferation of weapons of mass destruction. Through Resolution N° 176/2021, SEPRELAD approved the specific regulation for accounting and audit firms, establishing due diligence obligations, reporting of suspicious operations through the SIRO System, and appointment of a compliance officer. Registration with this body certifies that PCG operates under the highest standards of integrity and transparency.