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After 43 years, the profession of Certified Public Accountant in Panama was updated by Law 280 of December 30, 2021, which repealed Law 57 of September 1, 1978. In this new law, there are a series of updates that change and improve the profession of accountant among which we can mention the new requirements to obtain the suitability of Authorized Public Accountant, the conformation of the members of the Technical Board, the adoption of the International Standards used in the private and governmental sectors. The positions of accountant in the private sector and public institutions in which suitability is required to exercise it. Commitments to audit or review financial statements in clients with revenues exceeding one million balboas (B/1,000,000.00). The obligation to list the partner and the work team in the audit opinion of the commitment and that only independent accountants may endorse the income statements. In view of the changes made, with this essay, as a contribution, we make an analysis of Law 280 that, in our opinion, in most cases improves the profession of Certified Public Accountant in Panama.
