McMillan Woods Mauritius

McMillan Woods Mauritius is an accountancy, audit and business advisory firm established since 2008 At McMillan Woods we are committed to helping all our clients’ business thrive in a world of challenges and opportunities.

As a boutique professional services firm, McMillan Woods Mauritius provides accounting and audit services in conjunction with strategic business insight on a range of business issues. We engage, build trust and relationships with CEOs, CFOs and their respective top management team so as to create more value for our customers and stakeholders alike.

Mission: McMillan Woods Mauritius strives to provide quality business services and insight as a support to our clients development and growth.

Operating as usual

accountingtoday.com

IIA offers new framework for internal audit competency

#internalaudit #riskmanagement

accountingtoday.com The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors.

Today we celebrate Global Ethics Day 2020. Ethics is much more than compliance with rules and extends beyond the corporate world. Let’s introduce ethics in our schools and let’s adopt the UN Sustainable Development Goals to address the global challenges the world is facing.

#globalethicsday2020 #UNSDG Olive Crowd

Very insightful discussions with fellow McMillan Woods colleagues across 50+ countries today under the leadership of Dato Seri Raymond Liew

[10/01/20]   SME Insights No.2
How to eliminate cognitive biases as an entrepreneur?Study proved that if you ask an entrepreneur what is the probability that his/her business will succeed, on average the answer will be 90%. Our mind works in such a way that it tends to preserve our existing beliefs (cognitive bias) by paying attention to information that confirms those beliefs and discounting information that could challenge them. Cognitive biases may lead entrepreneurs to poor decision making. How to overcome them?
1. Take decisions or consult as a group rather than just 1 person
2. Rather than confirm conditions that could make your business successful, come up with conditions and/or risks that could make it unsuccessful and work towards mitigating those risks

[09/30/20]   Thank you everyone who have applied for the posts of Administrative Assistant, Data Analyst and Business Development Executive respectively. The application process is now closed. We will review the CVs next week and will start interviews the week after.

Reminder. It's tax season again!
Feel free to get in touch with us for any information you require.

Happy #AuditorProud Day

[09/21/20]   In our ‘SME Insights’ series this week, we quote famous organisational psychologist Adam Grant and caution entrepreneurs on potential pitfalls when seeking advice:
‘Advisers often fall into what sociologists call conversational narcissism, focusing too heavily on their personal preferences and experiences rather than taking the perspectives of the entrepreneurs. The most useful advice doesn’t specify what to do; it helps people see blind spots in their thinking and clarify their priorities. In psychology, it’s called Solomon’s paradox’

accountancydaily.co

Half of internal audit functions affected by coronavirus redeployment | Accountancy Daily

accountancydaily.co Chartered IIA study raises concerns for corporate governance during coronavirus crisis, and reveals the extent of disruption to internal audit teams, as 46% of internal audit teams have been affected by redeployment during coronavirus lockdown

regxsa.com

Hawala providers in the UAE are now required to register with the Central Bank | Regxsa

regxsa.com A new announcement from the Central Bank of the UAE (CBUAE) has made registration mandatory for Hawala or informal money transfer service providers in the UAE. The new Hawala registration system follows the Registered Hawala Providers Regulations. It is an effort by the central authority to improve....

[08/16/20]   Starting a new business? Ask yourself these essential questions:
Why are you starting this business?
Who will you leave it to?
What user needs are you trying to meet?

entrepreneur.com

Eight Mistakes We Make As Entrepreneurs (And How To Rectify Them)

So true and great advice

entrepreneur.com Along the road to "becoming successful" are many trials and tribulations, and an abundance of mistakes that will shape you into the person and entrepreneurial leader that you desire to become.

Do get in touch with us on [email protected] if you need any assistance

[08/01/20]   No doubt SME businesses have been negatively impacted by the pandemic. But SMEs and their owners have a number of definite advantages that make them more resilient than many larger organisations:
1. They work much closer with their customers and therefore understand their needs better
2. SMEs understand their people better
3. SME businesses are easily scalable (up or down)
4. Decisions are taken quicker
Want to add to this list? Comment on your success stories here!

accountancyage.com

How accountants can help SMEs on the road to financial recovery - Accountancy Age

accountancyage.com There’s never been a more urgent need for the digital transformation of accounting, says Modulr's strategic lead for accountancy, Tom Kelly.

[07/15/20]   Our new office opening hours:
Monday - Thursday: 08h30 to 16h30
Friday : 08h30 to 14h00
Our virtual service hours:
Monday to Friday: 08h00 to 18h00
We are also accessible 24/7 on +23052523356 or [email protected]

[07/13/20]   Behind your long term success could be a team of boring accountants 😉 Get in touch with us on [email protected]

[07/10/20]   The UK audit watchdog wants the Big 4 to split their audit and consulting arms by 30 June 2024. Will this move substantially improve audit quality as it is claiming? We would like to hear your views.

courses.corporatefinanceinstitute.com

Accounting Fundamentals

Free Accounting course from the Corporate Finance Institute

courses.corporatefinanceinstitute.com In CFI's free Accounting Fundamentals Course we explore balance sheets, and income and cash flow statements, then show how to prepare them from scratch.

[07/03/20]   Do Internal Audit functions address the risks of governance and cybersecurity enough? Share your thoughts with us

LET'S CELEBRATE SMEs
MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES DAY - 27 JUNE 2020
Well done to the millions of entrepreneurs who take uncalculated risks to follow their passion, to leave a legacy to their future generations, who contribute more than 50% of global GDP and who employ a staggering 70% of global workforce. Yet they pose negligible to no risk to our financial system! 👏🏻👍🏼

Today marks the anniversary of Luca Pacioli's death. Regarded as the father of #accountancy, his revolutionary methods are still used today. View some of his books online using our interactive tool > fal.cn/38I6Q

#lucapacioli #leonardodavinci #icaewHistory #rarebooks

[06/10/20]   UK Financial Reporting Council (FRC) prepares to transform into a more powerful regulator, called the Audit, Reporting and Governance Authority (ARGA), following previous recommendations for the audit profession from Sir John Kingman, Sir Donald Brydon and the Competition and Markets Authority

The government announced its 2020 budget yesterday. The second (and we hope not the last) act in supporting and enabling Mauritius to respond to the impacts of COVID-19. As business owners and community leaders, we need to look at what's on offer and answer the call to lead the way

ted.com

An ER doctor on triaging your "crazy busy" life

Great tips on stress management

ted.com How do doctors in the emergency room stay calm and focused amidst the chaos? Drawing on years of experience, ER doctor Darria Long shares a straightforward framework to help you take back control and feel less overwhelmed when life starts to get "crazy busy."

aa.com.tr

Robots boost Rwanda's fight against COVID-19

Rwanda continues to take the lead!

aa.com.tr Anti-epidemic robots can screen 50 to 150 people per minute among other vital tasks - Anadolu Agency

Sharing a very useful Roadmap by CPA Australia

youtube.com

Monthly Active Users (MAU)

Harsha tells us why a digital marketing strategy may make sense during this crisis

Harsha explains the relevance of MAU in social media marketing

youtube.com

A New Landscape for Ethics Standards

IESBA Chairman Dr. Stavros Thomadakis explains the practical significance of the revised and restructured Code, an enhanced platform for developing relevant ...

Work Access Permit (WAP) application can now be done online on website besafemoris.mu
Only those holding an existing WAP can apply for now. New applications will be next week

[05/04/20]   If you need any assistance on compliance (e.g. data protection) or tax (e.g. issue of VAT invoice) for your online business, feel free to get in touch with us. We are providing a pro-Bono service to SMEs

Want your business to be the top-listed Business in Port Louis?

Click here to claim your Sponsored Listing.

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Seminar on Worker’s Rights Act

Telephone

Address


Level 4 Sharon House, 26 Sir William Newton Street
Port Louis
11328

Opening Hours

Monday 08:30 - 16:30
Tuesday 08:30 - 16:30
Wednesday 08:30 - 16:30
Thursday 08:30 - 16:30
Friday 08:30 - 14:00
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