[2][3][4] The Institute began its activities in the 1968–1969 academic year, the founding professors were Francisco Olmedo Llorente, Claudio Malo González, Carlos Pérez Agustí, Rafael Galiana, José Castelví Queralt and Nelson Yánez Ortega.

[7] The priest Agustín López Canessa became the first director of the institute, he was delegated by the Archbishop of Cuenca.

[8] In December 1970, the School of Accounting was founded and the institute was renamed as Universidad Católica Santiago de Guayaquil in Cuenca.

[9] Later, the two academic departments of the Universidad Católica de Santiago de Guayaquil in Cuenca (the Institute of Philosophy and Educational Sciences and the School of Accounting) requested their annexation to the Pontificia Universidad Católica del Ecuador, which took place in November 1976, which led the academic units to become the Faculty of Philosophy, Letters and Education Sciences and the Faculty of Accounting and Administration Sciences, respectively.

[10] In 1990, after meeting all the legal requirements, it was renamed as Universidad del Azuay, being its current name.