Analysis of potential conflicts in private companies that provide services to the state and the role of the accounting professional in the presentation of the financial information

Abstract

Analysis of potential conflicts in private companies that provide servicesIn Panama, due to constant corruption, it has been seen in the painful situation of being on the gray list, being sanctioned as a tax haven, among others.; situations where the nation, through different ways, including public works, has transmitted a message of corruption and misuse of the taxes collected. The purpose of this research is to highlight the importance of the role of the Accountant in the analysis, documentation, registration and presentation of the financial information of those companies that provide services to the State. These companies, being in the sights of society and due to transparency issues, must ensure that they fully comply with the legal provisions on accounting, tax and financial reporting issues in a clear and timely manner, avoiding exposing ourselves to legal conflicts. A sample will be taken of the companies that have had or will have business ties with the State, either for supplies of goods or supplies for the operation of institutions or provision of services for public works and identify the possible risks or conflicts of the company in carrying them out. Being CPA we must be responsible, not only with the profession, but with the duty to be before the population, for which we seek to strengthen our bond of trust with society and maintain the prestige and reputation that has always prevailed in our profession. and the role of the accounting professional in the presentation of the financial information of said companies.