The prior control exercised by the General Comptroller of the Republic on the management of funds and assets of public companies in Panama, as well as control activities as a component of Internal Control , are technical aspects that are related to Financial Accounting and Auditing. However, in the academic field of Financial Accounting and Auditing, there is a lack of research oriented to corroborate whether prior control has a positive impact on the compliance and improvement of the control activities of public companies. It is for the foregoing that we present the results of an investigation that we carried out on this subject in public companies in Panama. Additional a brief relating analysis is done to if these aspects are or not related to the Financial Accounting and the Audit.