Accountants and Auditors in Kingston Jamaica

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The Digitalisation of Accounting Processes: A Key Lever for Business Optimisation

February 8, 2025by Dr Dawkins Brown

In today’s rapidly evolving business landscape, the digitalisation of processes is no longer optional but an essential lever for companies looking to optimise their management. The shift towards dematerialisation, centralisation, automation, and enhanced communication has revolutionised accounting and financial management, offering undeniable benefits for sustainable business performance. Despite often being viewed as a buzzword, digitalisation...

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The Generative AI Revolution: Redefining Business Success in a Digital World

January 26, 2025by Dr Dawkins Brown

Generative AI is not just another technological innovation—it’s a game changer poised to redefine industries. From enhancing operational efficiency to driving customer engagement, generative AI offers a wide range of opportunities for businesses willing to embrace change. However, unlocking its full potential requires a thoughtful strategy, robust infrastructure, and a willingness to navigate challenges. This...

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Comprehensive Guide to IFRS 15: Revenue from Contracts with Customers

January 21, 2025by Dr Dawkins Brown

Revenue recognition is a cornerstone of financial reporting, directly impacting an entity’s financial health and stakeholder trust. IFRS 15, Revenue from Contracts with Customers, revolutionizes the approach to revenue recognition by introducing a uniform framework applicable across all industries. This article explores the five-step model at the heart of IFRS 15, its industry implications, challenges,...

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Dawgen Global: Your Trusted Partner for Auditing and Accounting Services in Jamaica

January 17, 2025by Dr Dawkins Brown

At Dawgen Global, we are dedicated to providing top-notch professional services that empower businesses to achieve financial clarity, compliance, and operational excellence. With a presence in Jamaica and across the Caribbean, Dawgen Global is a globally integrated multidisciplinary professional service firm offering a wide array of services, including audit, accounting, tax, IT, risk management, and...

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Are Audit Firms and Accounting Firms the Same Thing?

January 11, 2025by Dr Dawkins Brown

The terms “audit firms” and “accounting firms” are often used interchangeably, creating confusion for business owners, entrepreneurs, and even seasoned professionals. While there are areas of overlap between the two, the core functions, responsibilities, and regulatory frameworks of audit and accounting firms differ significantly. Understanding these distinctions is crucial for businesses seeking the right professional...

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Streamlining Year-End Accounting: A Comprehensive Checklist for Financial Accuracy and Compliance

January 11, 2025by Dr Dawkins Brown

As the fiscal year draws to a close, accounting professionals face the formidable task of finalizing financial records, ensuring compliance, and preparing for the upcoming year. A structured year-end accounting checklist is essential to navigate this period efficiently and accurately, mitigating risks and setting the stage for a seamless transition into the new financial year....

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Setting Default Modes for Board Decision-Making: A Framework for Effective Governance

January 4, 2025by Dr Dawkins Brown

Boards of directors hold a vital role in guiding organizations through strategic and operational decisions. Their ability to navigate complexities, mitigate risks, and seize opportunities often depends on how they engage with management and other stakeholders. Tailoring the board’s mode of engagement to suit specific decision types is critical for effective governance. This article explores...

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Navigating the Tax Implications of IFRS 17 in Jamaica

December 14, 2024by Dr Dawkins Brown

The adoption of International Financial Reporting Standard 17 (IFRS 17) in Jamaica marks a significant transformation in the financial reporting and taxation landscape for insurance companies. Effective January 1, 2023, IFRS 17 replaces IFRS 4, introducing new principles for the recognition, measurement, presentation, and disclosure of insurance contracts. This shift is not merely an accounting...

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The Auditor is a Watchdog, Not a Bloodhound: Relevance in Modern Commerce

December 8, 2024by Dr Dawkins Brown

The famous statement by Lord Denning, “The auditor is a watchdog and not a bloodhound,” has long been a cornerstone in the philosophy of auditing. For decades, this phrase has shaped how auditors perceive their role and how society expects them to function. But with the rapid changes in the business world, from technological advancements...

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IFRS 17: Transforming the Insurance Landscape – A Strategic Perspective Introduction

December 5, 2024by Dr Dawkins Brown

The implementation of IFRS 17 Insurance Contracts marks one of the most significant accounting changes in the insurance industry in recent decades. Effective from January 1, 2023, this standard introduces a new level of transparency, comparability, and consistency to insurance reporting worldwide. For insurance entities, IFRS 17 is not merely an accounting adjustment—it is a...

Older Posts

Accountants and Auditors in Kingston Jamaica

The Digitalisation of Accounting Processes: A Key Lever for Business Optimisation

The Generative AI Revolution: Redefining Business Success in a Digital World

Comprehensive Guide to IFRS 15: Revenue from Contracts with Customers

Dawgen Global: Your Trusted Partner for Auditing and Accounting Services in Jamaica

Are Audit Firms and Accounting Firms the Same Thing?

Streamlining Year-End Accounting: A Comprehensive Checklist for Financial Accuracy and Compliance

Setting Default Modes for Board Decision-Making: A Framework for Effective Governance

Navigating the Tax Implications of IFRS 17 in Jamaica

The Auditor is a Watchdog, Not a Bloodhound: Relevance in Modern Commerce

IFRS 17: Transforming the Insurance Landscape – A Strategic Perspective Introduction

February 8, 2025Generative AI vs. Traditional AI: What CEOs Need to Know

February 8, 2025The Digitalisation of Accounting Processes: A Key Lever for Business Optimisation

February 8, 2025The Critical Role of Audit in Building a Fair and Prosperous World

February 8, 2025Navigating Complex Transfer Pricing Challenges with Global Expertise

February 8, 2025The Importance of a Skilled and Independent Advisor in Business Valuation

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