HomeCategory

Audit firm

General Insurance Contracts and the PAA — Simplicity with Tax Complexity

For many general insurance companies, the Premium Allocation Approach (PAA) under IFRS 17 offers a simplified framework for measuring liabilities and recognizing revenue. It’s especially attractive for short-duration contracts like auto, property, liability, and accident policies. However, simplification in accounting doesn’t necessarily translate to simplification in tax. In Jamaica, the TAJ Technical Advisory on IFRS...

Life Assurance under IFRS 17 — A New Tax Narrative for Policyholder Protection

Life assurance companies operate under long-term, complex contractual obligations that require precise actuarial forecasts and careful financial planning. With the introduction of IFRS 17, the landscape for life insurers in Jamaica has fundamentally changed—impacting not just how revenue and profits are recognized, but also how tax liabilities are calculated and reported. To support a smooth...

Internal Controls That Work: Safeguarding Assets and Enhancing Accountability

The Real Value of Internal Controls In a fast-paced business environment marked by evolving risks, regulatory scrutiny, and financial pressure, internal controls are not just about compliance—they are about confidence. A robust internal control system is your organization’s first line of defense against fraud, error, inefficiency, and reputational risk. But effective controls go beyond ticking...

The Contractual Service Margin (CSM) Decoded — Profit Recognition under IFRS 17

At the heart of the IFRS 17 Insurance Contracts standard lies the Contractual Service Margin (CSM) — a powerful concept that fundamentally changes how insurers recognize revenue and profit. In contrast to traditional models that front-loaded income upon premium receipt, IFRS 17 mandates a systematic deferral and gradual recognition of profits over the life of...

Forensic Audits in the Age of Digital Fraud: Protecting Your Business

A New Era of Digital Threats As Caribbean businesses become increasingly digital—adopting cloud systems, online banking, remote work tools, and e-commerce platforms—the risk of fraud is evolving at lightning speed. Traditional forms of embezzlement and misappropriation are now being replaced or amplified by cyber-enabled financial crimes. From insider manipulation and digital invoice fraud to unauthorized...

Why Internal Audit is a Strategic Asset, Not Just a Compliance Function

🎯 Rethinking the Role of Internal Audit In many organizations—particularly across the Caribbean—internal audit is still viewed through a narrow compliance lens. It is often perceived as a mandatory check on policies, procedures, and regulatory obligations. But this traditional view limits the true value internal audit can bring. In reality, a well-designed internal audit function...

The Role of External Audit in Strengthening Investor Confidence in the Caribbean

🌍 Why Investor Confidence Matters In the Caribbean region—where economies are striving for diversification, digitization, and increased competitiveness—investor confidence is a crucial catalyst for private sector growth, capital inflows, and long-term economic stability. But what inspires confidence in potential investors, lenders, or shareholders? One of the most foundational answers is financial transparency, and central to...

Audit for Tomorrow: Reskilling Internal Audit for the Future of Fraud

In today’s rapidly transforming business environment, fraud is no longer a static threat—it is dynamic, digitized, and increasingly difficult to detect. As fraudsters leverage artificial intelligence, cyber tactics, and global financial complexity, internal audit must evolve at equal speed. The traditional audit toolbox—while still valuable—is no longer sufficient to meet the demands of modern risk...

How Technology Improves Risk-Based Auditing and Fraud Detection

In a business world shaped by complex risks, evolving regulations, and an ever-growing digital footprint, audit professionals are shifting from traditional models to risk-based auditing—a proactive, targeted approach that focuses resources where risks are highest. At the core of this evolution is technology, which has become a transformative enabler of smarter, faster, and more insightful...

The Rise of Continuous Auditing: Real-Time Insights for Smarter Decisions

In today’s fast-paced digital economy, organizations demand faster, smarter, and more reliable insights to stay ahead of risk and maintain compliance. Traditional audit models—typically retrospective and periodic—are increasingly being challenged by the need for real-time information and decision-making agility. This shift is giving rise to Continuous Auditing: a technology-driven approach that enables near real-time assurance...

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.
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.