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Sector Spotlight: Audit Risks in the Jamaican Hospitality and Tourism Industry
September 5, 2025by Dr Dawkins Brown
Tourism is the lifeblood of Jamaica’s economy. The island’s hotels, resorts, restaurants, and entertainment hubs collectively contribute significantly to GDP, foreign exchange earnings, and employment. Yet, the very dynamism of this sector introduces complex financial reporting and audit challenges. From bundled vacation packages and IFRS 15 revenue recognition issues to cash-intensive operations, related-party transactions, and...
