Caribbean Business Insights

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Reason for Audit Delays #9: Controls and Documentation Break Down—How to Strengthen Evidence, Approvals, and Audit Trails Quickly

December 16, 2025by Dr Dawkins Brown

In audit season, delays are often blamed on “too many audit requests” or “auditors asking for everything.” In reality, the most common cause is simpler and more uncomfortable: the evidence is not audit-ready. Auditors do not audit intent. They audit controls, documentation, and traceable evidence. When approvals are informal, audit trails are fragmented, and supporting...

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Reason for Audit Delays #6: Fixed Assets Are a Mess—How to Clean Up FARs, Additions, Disposals, and Depreciation Before Fieldwork

December 16, 2025by Dr Dawkins Brown

Fixed assets are rarely the loudest topic in audit planning meetings—until they become the reason the audit cannot finish. Across Jamaica and the wider Caribbean, fixed asset issues are one of the most common “quiet” causes of audit delays because they sit in a blind spot between operations and finance. Assets are purchased, moved, improved,...

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Reason for Delay Audit #5: Revenue Recognition Confusion—Avoiding Cut-Off Errors and IFRS 15 Pitfalls That Trigger Audit Rework

December 16, 2025by Dr Dawkins Brown

If inventory is the engine of many Caribbean businesses, revenue is the scoreboard—and auditors treat it accordingly. Revenue is almost always a significant line item, often involves judgment, and is a common area of fraud risk. As a result, when revenue recognition is unclear or poorly evidenced, audits slow down quickly: auditors expand testing, raise...

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Reason for Audit Delays #4: Inventory Counts Go Wrong—How to Plan Counts, Cut-Off, and Valuation Without Surprises

December 16, 2025by Dr Dawkins Brown

For many Jamaican and Caribbean businesses, inventory is not just another line item—it is the engine of revenue, margin, and cash flow. It is also one of the most common reasons audits run late. When inventory is material, auditors cannot finalize the audit until they are satisfied that three things are true: Existence — the...

Reason for Audit Delays #3: Weak PBC Packs—How to Build Audit-Ready Schedules That Prevent Back-and-Forth

December 16, 2025by Dr Dawkins Brown

In audit season, there is one document set that quietly determines whether your audit will be smooth—or whether it will become a long chain of follow-ups, rework, and late-night “urgent” requests. That document set is the PBC pack: Prepared-By-Client schedules and supporting evidence. When the PBC pack is strong, auditors can test efficiently, resolve queries...

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Reason for Audit delays #2: Missing Reconciliations—The Bank, Payroll, Tax, and Intercompany Recons That Delay Everything

December 16, 2025by Dr Dawkins Brown

When an audit runs late, the symptom is usually visible in the audit room: repeated follow-up emails, expanding PBC lists, and a growing list of “open items.” The root cause, however, is often much simpler and far more operational. Reconciliations are missing, late, or unreliable. In Jamaica and across the Caribbean, finance teams can produce...

Reason for Audit Delays #1: Books Not Closed on Time—How to Run a Faster, Cleaner Year-End Close

December 16, 2025by Dr Dawkins Brown

Audit delays rarely begin in the audit room. They begin in the close. Across Jamaica and the wider Caribbean, many organizations “close” the year by producing a trial balance and a draft set of financial statements—only to discover that critical accounts are not reconciled, key judgments are not documented, and balances continue to move after...

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Audit Season Mastery: The 10 Reasons Audits Run Late in Jamaica and the Caribbean—and the Fixes That Work

December 16, 2025by Dr Dawkins Brown

In Jamaica and across the wider Caribbean, audit season is rarely derailed by a single dramatic issue. More often, audits run late because of a predictable set of process breakdowns: the books are not closed properly, schedules are incomplete, evidence is scattered, and “small” issues are escalated too late—until the engagement becomes a scramble to...

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Applying DEVD in Practice: A Board-Ready Scorecard for Business Model Decisions

December 14, 2025by Dr Dawkins Brown

Boards and executive committees are increasingly asked to approve decisions that go far beyond traditional capital expenditure or market entry. Today’s strategic agenda routinely includes subscription transitions, platform plays, ecosystem partnerships, usage-based pricing, open innovation models, and digital reinvention initiatives. Each of these decisions reshapes how the organization creates, delivers, and captures value. Yet many...

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Pattern Fit Evaluation: How to Select the Right Business Model Pattern Without Betting the Enterprise

December 14, 2025by Dr Dawkins Brown

Business model innovation is no longer a discretionary exercise. In fast-moving markets, it is a requirement for relevance, resilience, and growth. Yet, while many organizations now speak confidently about “new models”—subscriptions, platforms, ecosystems, usage-based pricing, open innovation—the practical challenge remains unchanged: How do we select the right business model pattern without exposing the enterprise to...

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Older Posts

Reason for Audit Delays #9: Controls and Documentation Break Down—How to Strengthen Evidence, Approvals, and Audit Trails Quickly

Reason for Audit Delays #6: Fixed Assets Are a Mess—How to Clean Up FARs, Additions, Disposals, and Depreciation Before Fieldwork

Reason for Delay Audit #5: Revenue Recognition Confusion—Avoiding Cut-Off Errors and IFRS 15 Pitfalls That Trigger Audit Rework

Reason for Audit Delays #4: Inventory Counts Go Wrong—How to Plan Counts, Cut-Off, and Valuation Without Surprises

Reason for Audit delays #2: Missing Reconciliations—The Bank, Payroll, Tax, and Intercompany Recons That Delay Everything

Reason for Audit Delays #1: Books Not Closed on Time—How to Run a Faster, Cleaner Year-End Close

Applying DEVD in Practice: A Board-Ready Scorecard for Business Model Decisions

Pattern Fit Evaluation: How to Select the Right Business Model Pattern Without Betting the Enterprise

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March 10, 2026Testing Before the Attackers Do: Penetration Testing and Vulnerability Assessment

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