It must be a fully trustworthy company, since it safeguards the interests of the associates and/or the parties that make up the economic entity and thus the interest of the government itself, aimed at the company, third parties, the State and society.
It should be borne in mind that the functions of the statutory auditor in Colombia are much broader than in an external audit and that he/she must rule on the reasonableness of the financial statements as well as authorize them with his/her signature.