Petroecuador Declares Void Audit Tender After No Bids

Petroecuador declared a tender to audit its accounts void as none of the targeted Big Four auditors submitted a bid, according to a company statement sent by text message.

• Local auditors will conduct the financial examination, which Ecuador needs to receive a year-end final disbursal of $700m as part of an IMF agreement, Petroecuador said
• NOTE: Petroecuador Expects Big Four Audit Offers by Thursday, Nov. 10

To contact the reporter on this story:
Stephan Kueffner in Quito at skueffner1@bloomberg.net

To contact the editors responsible for this story:
Daniel Cancel at dcancel@bloomberg.net

Jose Orozco

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