Impact of financial auditing on business sustainability in the construction sector in Santo Domingo
Keywords:
Business sustainability, construction, financial transparency, regulatory compliance, resource managementAbstract
The construction sector plays a fundamental role in the economic development of Santo Domingo de los Tsáchilas, contributing to employment generation and urban growth. However, it faces challenges related to efficient resource management, regulatory compliance, and financial stability, which impact its long-term sustainability. In this context, financial auditing has become a key tool for strengthening transparency, minimizing risks, and improving business competitiveness. This study aimed to analyze the impact of financial auditing on business sustainability in the construction sector in Santo Domingo de los Tsáchilas, considering its influence on economic stability, resource optimization, and access to financing. The methodology of fuzzy cognitive maps was used to model and visualize the interrelationships among key factors. The results showed that companies that implement periodic audits improve their planning capacity, reduce financial risks, and strengthen their market reputation. Additionally, it was identified that auditing facilitates compliance with accounting, tax, and environmental regulations, helping to avoid sanctions and enhance investor and financial institution confidence. It was concluded that financial auditing not only fulfills a supervisory role but also serves as a strategic mechanism to ensure business sustainability. It was recommended to strengthen auditing processes through innovative technologies and specialized training to consolidate its impact on sector growth.
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