Dawgen Global: Risk Consulting firm

Showing posts with label Risk Consulting firm. Show all posts

Tuesday, May 26, 2020

Post-merger Integration (PMI)

Post-merger Integration (PMI) is a highly complex process. It requires swift action as well as running the core business activities simultaneously. There is no one-size fits all approach to a successful PMI Process. However, careful planning focusing on the strategic objectives of the deal and the identification and capturing of synergies will help maximize deal value.

Due to the complexity of the PMI process, it is of utmost importance that organizations--both the Buyer and the Target, the integration team, and integration manager--have a guide that will provide them the detailed requirements of the process. The Post-merger integration framework has a structured approach that can direct attention on important integration areas to maximize deal value. Inability to focus on priority areas can be a waste of resources, time, and investments.

Dawgen Global is an integrated multidisciplinary professional service firm We are integrated as one firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services Caribbean Head Office Dawgen Tower 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 info@dawgen.global

Tuesday, April 28, 2020

Growth Consulting Services

Regulatory and Compliance Services in Jamaica

Taxation: Transfer Pricing Guidance

Financial Outsourcing Company in Jamaica

IT Consulting Firm in Jamaica

Management Consulting Firm in Jamaica

Global Risk Consulting firm

Thursday, December 26, 2019

Financial Statement Audit

A financial statement audit is an independent appraisal of the financial statements prepared by the organization. The cardinal objective of a financial statement audit is to provide an independent assurance that the management has, in its financial statements, presented a “true and fair” view of a company’s financial performance. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The auditor’s report must accompany the financial statements when they are issued to the intended recipients.

The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business. Similarly, lenders typically require an audit of the financial statements of any entity to which they lend funds. Suppliers may also require audited financial statements before they will be willing to extend trade credit (though usually only when the amount of requested credit is substantial).

Audits have become increasingly common as the complexity of the two primary accounting frameworks, Generally Accepted Accounting Principles and International Financial Reporting Standards, have increased, and because there have been an ongoing series of disclosures of fraudulent reporting by major companies.

The primary stages of an audit are:

Planning and risk assessment. Involves gaining an understanding of the business and the business environment in which it operates and using this information to assess whether there may be risks that could impact the financial statements.
Internal controls testing. Involves the assessment of the effectiveness of an entity’s suite of controls, concentrating on such areas as proper authorization, the safeguarding of assets, and the segregation of duties.
Substantive procedures. Involves a broad array of procedures, of which a small sampling.

An audit is the most expensive of all the types of examination of financial statements. The least expensive is a compilation, followed by a review. Publicly held entities must have their quarterly financial statements reviewed, in addition to the annual audit.

The manner of appointment, the qualifications and the format of reporting by an external auditor is defined by statute which varies according to jurisdiction of different countries. The auditors must be a member of one of the recognized professional accountancy bodies. The auditors normally address their reports to the shareholders of a corporation or to the owners of the business entity. The auditors are subjected to strict rules to uphold their integrity and to establish independence.

Audit and Assurance Services by Dawgen Global

Dawgen Global is an integrated multidisciplinary professional service firm We are integrated as one firm and provide several professional services including: Audit, Accounting, Tax, IT, Risk and Advisory.

Our Audit Services includes:

Audit and Assurance – the auditing division of Dawgen Global offers the complete range of Audit and assurance services to meet the business needs of client in this dynamic global environment.
Due Diligence Audit – Due diligence audit is a careful investigation into the complete financial picture of a company, these audits come before a purchase, merger or other major decision that could negatively influence the finances of one or more businesses.
Internal Audit – The examination, monitoring and analysis of activities related to a company’s operation, including its business structure, employee behaviour and information systems in order to identify potential threats to the organization’s health and profitability.
Risk Management – the auditing division of Dawgen Global offers the complete range of Risk Management and Mitigation services to meet the business needs of client in this dynamic global environment.
Benchmarking – the auditing division of Dawgen Global offers the complete range of Audit and assurance services to meet the business needs of client in this dynamic global environment.
Investigation Audit – the auditing division of Dawgen Global offers the complete range of Audit and assurance services to meet the business needs of client in this dynamic global environment.
Supply Chain Audit – the auditing division of Dawgen Global offers the complete range of Audit and assurance services to meet the business needs of client in this dynamic global environment.
Company Liquidation – Dawgen Global offers company liquidation services. It is process by which the existence of company is ended. It is also known as winding-up or dissolution of company.

Business Growth Service offered by Dawgen Global

Whether you need advice or subsidized training, our expert Business Growth Specialists will help identify your business needs and plan a path for growth. Dawgen Global offers business growth services designed to help business owners improve profits and increase operational efficiency.

Our services include:

· Assess your business and identify its needs
· Write an action plan to help you develop, grow and innovate
· Identify relevant information and other services to meet your specific needs

Business Growth Services Include:

Benchmarking – At Dawgen Global, we understand your business and assist you in analyzing your current processes and their performance. Thereafter, based on our comprehensive knowledge of the industry and the competition, we recommend and implement industry best practices in your business, to close any efficiency gaps, using best in-class consulting processes and state of the art technology.

Seminars & Workshops – Conferences, workshops, seminars and industry events can be a great way to improve your business. Industry events help generate new ideas for growth which in turn improves your business. It also helps you in building strong network within the industry and in improving your organization’s brand image in the wider business fraternity.

Strategic Action Planning – Organizations need strategies, goals, and action plans to cascade the mission through the organization and engage the talents of all employees. An action plan identifies the business goal and the strategies that can be implemented to reach that goal. It also explains the specific action that needs to be taken in order to achieve the business strategy. A strategic plan also includes the timeframe, roles & responsibilities and performance indicators that can be implemented to reach the business objectives.

Performance Measurement and Management – Measuring and managing the performance of a business is critical to any business success. Performance management consists of a set of management and analytic processes that enable businesses to define strategic goals and then measure and manage performance against those goals. Core business performance management processes include financial & operational planning, business modeling, consolidation & reporting, analysis and monitoring of key performance indicators linked to strategy.

Customer Advisory board – A customer advisory board is an important element of your overall business and marketing plan which provides valuable insight into your customers. A well defined Customer Advisory Board (CAB) can be highly effective tool to gain feedback on strategic priorities and company direction in turn solidifying relationship with customers. At Dawgen Global the customer advisory board is facilitated by our Team of Consultants to help ensure frank discussions among customers and unbiased interpretation of their feedback.

Process Mapping – Business process mapping refers to all the activities involved in defining the business requirement, roles and responsibilities and the success criteria for the business. A clear and detailed Business process helps organizations to become more efficient and work effectively. Business growth advisors at Dawgen Global can assist your team to:

1. Identify the processes that have the greatest impact on your business

2. Map critical processes to document how work should flow and to uncover inconsistencies in performance

3. Design and implement process improvements to enhance efficiency, productivity and customer service

Accounting Assistance in Jamaica

The business environment, these days has become more challenging and competitive. Organizations deserve an accounting firm who will guide them through the complexities of financial reporting, while supporting them in every aspect of their business.

Our team at Dawgen Global brings extensive experience and commitment to deliver these services with the highest level of professional integrity. Our Business Accounting (BA) services include:

· Accounting system design and set-up

· Developing accounting policies and procedures

· Preparing budgets and projections

· Paying bills

· Reconciling bank statements

· Cash flow analysis

· Internal control recommendations

· Hiring and training in-house accountant

· Financial statement preparation

· Performance analysis

· General business advice and support

· Providing interim, on-site Accountants

· Financial accounting systems selection, implementation and support

Please contact us to see how we can assist you . Choosing to work with us is a smart decision you won’t regret and one that will serve you well.

The Financial Management Consultancy Services FMCS) offered by Dawgen Global

Our tested team of professionals have extensive business knowledge and compliance know-how that serves companies throughout the business lifecycle, helping them in their efforts to emerge stronger.

The financial management consultancy services offered by Dawgen Global includes :

• Capital budgeting

• Risk analysis of investments

• Financial analysis

• Finance planning

• Feasibility studies

• Arrangement of finances

• Guidance on working capital management.

We provide the above consulting services and solutions to start-ups as well as established companies and organizations of all sizes. The market intelligence-based consulting we provide is a unique support for our clients strategic planning and operative decisions. All businesses, small and large require sound financial management and controls systems in place.