The firm was established in 2013 by founding partner Carlos Manuel Varela Patiño. Prior to founding the firm, Carlos worked as an external auditor of financial statements and as a tax advisor authorised by the Superintendence of Companies, Securities and Insurance in Ecuador.

Since 2013, Auditores Externos Varela & Patiño Cia. Ltda. has maintained a loyal client base, and strives to reach more sectors and expand nationally. Its two partners and staff of 11 specialise in accounting and auditing, tax, real estate, and the pharmaceutical sector.