Hi
There are an enormous number of DAC's from 8 bit through 20 bit that you can load a bunch off off of a single SPI port. You daisy chain the output of one to the input of the other. Shift out bits times DAC's worth of data and send a single pulse to load them all. One clock line, one data output line and one strobe line. You may have a single chip select line as well depending on the DAC. Update will be simultaneous to within however good the timing on the parts is (nanoseconds). No pops, burps, clicks or buzz.
With 12 to 16 bit DAC's as cheap as they are today, there is not a lot to be saved in a one up design trying to shave off a couple of bits. The days of 8 bit is all my audio setup can afford are long gone.
Bob