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Navigating the Complexities of Credit Risk Assessment: The EBA’s Stance on SICR and the Role of Auditors

In the intricate world of banking regulation, the European Banking Authority (EBA)’s recent concerns regarding banks’ methodologies for assessing a significant increase in credit risk (SICR) shine a spotlight on a critical aspect of financial risk management. This article delves into the EBA’s apprehensions about the use of narrow triggers for SICR, which could lead...

Exploring the Contrast in Credit Loss Impairment Methodologies Between PEARLS and IFRS 9

In the realm of credit unions, understanding and managing credit risk is pivotal. Two frameworks, PEARLS and IFRS 9, offer distinct methodologies for calculating impairment or credit losses on loan portfolios. While they serve different primary purposes, their intersection is critical for auditors and financial managers alike. This article delves into these methodologies, contrasting their...

Understanding and Reconciling Loss Provisions in Credit Unions – A Deep Dive into IFRS 9 and PEARLS Framework

The financial management landscape in credit unions is often navigated through distinct but intersecting frameworks: the International Financial Reporting Standard (IFRS) 9 and the PEARLS framework. While IFRS 9 offers a global standard for financial instrument reporting, the PEARLS framework caters specifically to the operational and managerial aspects of credit unions. This article aims to...

Managing Money in Business: A Focus on Overhead and Operational Expenses

Managing a business effectively is akin to running a household, where a keen eye on various expenses is critical to prevent the company from sinking into deficits and bankruptcy. In this context, employees can be seen as the “children” of the business, working together efficiently to ensure financial stability and to keep the business afloat...

Zero-Base Budgeting: A Transformative Approach for Organizational Management

In the dynamic landscape of business management, both in the for-profit and non-profit sectors, the concept of Zero-Base Budgeting (ZBB) has emerged as a transformative approach. This method redefines the traditional budgeting process, emphasizing rigorous justification and scrutiny of every dollar spent. Dr. Dawkins Brown, the executive chairman of Dawgen Global, aptly summarizes the essence...

Navigating the Landscape of Artificial Intelligence: From Reactive to Self-Aware Systems

Artificial Intelligence (AI) has evolved from a sci-fi dream to a critical part of our everyday lives. It’s a broad field, encompassing everything from basic automation to self-aware systems that seem like they’ve leaped out of a science fiction novel. In this article, we’ll explore the various types of AI, specifically focusing on reactive machines,...

Unveiling the Art of Financial Analysis: A Deep Dive into Company Health and Strategic Insights

Financial analysis stands as a cornerstone in understanding a company’s health and potential. It’s a process that goes beyond mere number crunching; it’s an art that intertwines numbers with strategy and foresight. Dr. Dawkins Brown, the executive chairman of Dawgen Global, aptly puts it: “Financial analysis is not just about understanding numbers, it’s about interpreting...

Understanding Liddell-Hart’s Military Strategy Maxims and Their Universal Application

Sir Basil Henry Liddell-Hart, a renowned British military strategist and historian, made significant contributions to the field of military strategy. His insightful maxims, derived from his experiences and profound understanding of warfare, continue to influence strategic thinking in various domains, including military operations, business, and personal life. Liddell-Hart’s Eight Military Strategy Maxims: Adjust Your Ends...

Scaling ERP for Future Growth: Strategies to Future-Proof Your Investment

In today’s rapidly evolving business landscape, the agility and scalability of an Enterprise Resource Planning (ERP) system are not just advantageous but essential. As businesses grow and transform, their ERP systems must adapt to support new processes, integrate emerging technologies, and handle increasing volumes of data. Implementing strategies to scale your ERP system effectively is...

Addressing Global Inflation: Measures and Outcomes

Inflation, a ubiquitous economic challenge, has prompted governments across the globe to implement various strategies to mitigate its impact. These measures vary in nature and effectiveness, reflecting the diverse economic contexts and challenges faced by different countries. Fiscal and Monetary Policies Interest Rate Adjustments: Central banks in many countries, including the United States, European Union,...

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Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
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Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.
https://www.dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://www.dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

© 2023 Copyright Dawgen Global. All rights reserved.

© 2024 Copyright Dawgen Global. All rights reserved.