In a world where financial crime continues to evolve, combating money laundering has become paramount. Governments and international organizations have devised stringent anti-money laundering (AML) regulations to safeguard the global financial system. Now, a cutting-edge two-day course has emerged, designed to empower professionals with the knowledge and tools needed to reduce risks and enhance AML compliance.

Money laundering represents a significant menace to the stability of the global economy. To tackle this multifaceted issue, governments and international bodies have introduced AML regulations spanning various sectors such as banking, gaming, real estate, legal, and accounting services. Amid this backdrop, a newly launched course on international anti-money laundering regulations and best practices is set to equip professionals with the latest insights.

The two-day program delves deeply into the latest AML developments, with a particular emphasis on the Financial Action Task Force (FATF) recommendations and the European Union’s 5th and 6th AML directives, among other international regulations. Attendees will gain comprehensive insights into various facets of compliance, including risk assessments, customer due diligence (CDD), enhanced due diligence (EDD), and transaction monitoring.

Led by experienced trainers, the course employs real-world case studies, interactive discussions, and practical exercises to empower participants with the skills and knowledge required to effectively manage money laundering risks within their organizations. Furthermore, it takes a proactive approach by addressing the risks associated with digital assets, sanctions, and real-world money laundering scandals spanning diverse industries, such as banking, gambling, real estate, law, accounting, and more.

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Recent market research involving ten prominent entities from banking, insurance, and corporate sectors in the UK and Ireland reveals a limited number of programs addressing FRS 102 and FRS 105. Out of the three entities in the UK offering such programs, Shasat stands out. It has been distinguished as the premier choice for those seeking an in-depth understanding of FRS 102 and FRS 105.

Renowned for its premium professional education offerings, Shasat’s program focusing on FRS 102 and FRS 105 – the essential UK accounting standards for small and medium-sized enterprises – marks its two-year anniversary. The course, known for delivering in-depth knowledge, remains a top choice for both professionals and enthusiasts aiming to master these pivotal standards.

The comprehensive course, titled “Mastering SME Accounting: An In-depth Workshop on FRS 102 and FRS 105,” is tailor-made to offer participants an extensive insight into the intricacies of these standards, shedding light on their critical requisites and practical implications for SMEs.

FRS 102, a multifaceted standard, lays down the foundational principles of financial reporting within the United Kingdom and the Republic of Ireland. This encompassing standard covers a wide array of topics, encompassing the recognition and measurement of assets, liabilities, income, and expenses, as well as the presentation and disclosure of financial statements. It is particularly relevant to most SMEs in the UK and the Republic of Ireland, with updates introduced periodically. The most recent version was issued in March 2018.

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In the dynamic world of business, mergers and acquisitions (M&A) have emerged as pivotal strategic maneuvers for companies looking to thrive in fiercely competitive markets. As deal values soar and enterprises strive to expand their market presence, innovative technologies, and product portfolios, staying ahead of the curve has become imperative. Enter Shasat’s M&A Masterclass program, a ground-breaking initiative designed to empower professionals with the knowledge and skills needed to excel in M&A scenarios.

This exclusive program, not affiliated with Shasat, delves deep into the essential requisites 1of international accounting standards, encompassing IFRS 10, 11, 12, and IFRS 3, as well as the intricacies of UK GAAP and US GAAP. A profound understanding of these complex financial reporting frameworks is vital for making informed decisions during the M&A process, ensuring compliance, and maximizing value creation.

Participants in this comprehensive M&A Masterclass will embark on a journey through the intricate world of M&A strategies, meticulous due diligence, and critical execution considerations. Valuable insights into value creation beyond the deal itself and the essential factors that can make or break a successful transaction are provided. Immersive case studies and real-world examples equip attendees with the skills, knowledge, and techniques necessary to navigate the pre-M&A landscape, execute deals flawlessly, and seamlessly integrate post-acquisition.

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In an era where financial accounting plays a pivotal role across diverse industries, Shasat, a prominent educational institution, has unveiled an essential learning opportunity for professionals seeking a comprehensive understanding of the International Financial Reporting Standards (IFRS) 9. This recently launched program aims to empower individuals with in-depth knowledge about the accounting of financial instruments under IFRS 9, which came into effect on 1 January 2018.

The International Accounting Standards Board (IASB) orchestrated a significant overhaul of accounting rules for financial instruments, necessitating a profound understanding of these changes. With numerous insurance companies globally and entities in specific countries actively involved in the implementation of IFRS 9, staying informed is of utmost importance.

Furthermore, in May 2022, the IASB initiated a maintenance project to amend IFRS 9 and IFRS 7 in response to a post-implementation review. Subsequently, in October 2022, the IASB made tentative decisions to introduce additional amendments regarding the derecognition of financial liabilities through electronic cash transfers and disclosure requirements for equity investments under the fair value option.

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Shasat, a beacon in professional development, has unveiled an enhanced iteration of its esteemed ‘Certificate in IFRS’ program. Tailored for global finance and accounting aficionados, this 8-day intensive course is renowned in over 140 countries for its immersive and practical insights into International Financial Reporting Standards (IFRS).

In the fast-evolving world of finance and accounting, staying ahead is not just an advantage; it’s a necessity. With IFRS serving as the global accounting standard, the demand for professionals well-versed in these standards is ever-increasing. The IFRS Certificate Program by Shasat is designed to bridge this knowledge gap and provide participants with the skills needed to excel in their finance careers.

The program’s comprehensive curriculum covers a wide range of crucial topics, including the conceptual framework and underlying accounting concepts, financial statement formats, foreign exchange transactions, fair value measurement, revenue recognition, leases, financial assets and liabilities, impairment requirements, business combination and consolidation transactions, goodwill and intangible assets, share-based/cash-based payments, employee benefits, corporation and deferred taxation, and the latest amendments and new requirements in the pipeline.

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IFRS 17 Insurance Contracts

The insurance industry is preparing for a major shift with the implementation of IFRS 17. From 1 January 2023, insurers worldwide must align their financial statements with the new Standard. This change demands precision, expertise, and new ways of working.

To support this transition, a comprehensive IFRS 17 Training Program has been launched. It helps insurance professionals address the complex accounting and actuarial challenges of compliance. Many firms remain entangled in unresolved issues, making the program a timely resource.

IFRS 17 has raised the importance of actuarial teams across the industry. Their expertise is now critical to ensure accuracy and transparency in financial reporting. A key change under IFRS 17 is the introduction of a new valuation basis. Actuaries must redesign models, adjust methodologies, expand data requirements, and refine contract boundaries.

The Standard also extends actuarial involvement into new areas. Revenue recognition and calculation of the Contractual Service Margin (CSM) now depend on probability-based assessments. These developments highlight the need for stronger collaboration between actuarial and finance teams. Together, they play a central role in ensuring insurers meet the requirements of IFRS 17.

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In the ever-evolving world of auditing standards, professionals need to stay ahead of the curve. Shasat, a renowned educational institution, has introduced an intensive two-day program called the “US Generally Accepted Auditing Standards (US GAAS) Update Course” to address this critical need. This course is designed to cater to government and non-government auditors, accountants, and program managers, equipping them with the latest knowledge and insights into the world of auditing standards.

The US GAAS Update Course spans two days and provides participants with a deep understanding of the significant changes and clarifications within both authoritative and non-authoritative standards. This knowledge is crucial for those who engage in auditing practices. Participants will gain a comprehensive insight into applying GAAS, including SAS, SSAE, GAGAS, and IIA, as well as understanding recent amendments to these standards. Additionally, the course instills confidence in conducting audits and undergoing audit procedures.

Furthermore, the program addresses practical implementation challenges specific to both government and non-government operations. It also explores the implications of International Auditing Standards and offers a glimpse into the future direction of auditing standards.

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Shasat, a prominent name in highly technical financial learning & development, has unveiled its latest training program: “Managing Interest Rate Risk in the Banking Book: Strategies and Best Practices.” This eagerly awaited program is set to make waves in the banking industry, offering professionals an unparalleled opportunity to bolster their expertise in interest rate risk management, balance sheet optimization, and regulatory compliance.

Interest rate risk is a paramount concern in the banking sector, and Shasat’s latest offering arrives at a pivotal juncture. In 2016, the Basel Committee on Banking Supervision (BCBS) introduced the “Standards on Interest Rate Risk in the Banking Book,” ushering in a new era of regulatory requirements. In response, banks worldwide have been diligently overhauling their interest rate risk frameworks.

The workshop provides a comprehensive exploration of Interest Rate Risk in the Banking Book (IRRBB) and balance sheet optimization. It covers all the essential facets of IRRBB, encompassing measurement, management, and strategic considerations. The course goes beyond theory, offering participants hands-on experience in managing and optimizing balance sheets. Real-life case studies and examples will illuminate best practices in addressing interest rate risk within the banking book.

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In today’s dynamic corporate landscape, the integration of environmental, social, and governance (ESG) considerations into professional decision-making has emerged as a critical imperative. Shasat has recently unveiled a ground-breaking program designed to meet this growing need. The ESG Masterclass, a two-day intensive course, is set to empower professionals with the knowledge and expertise required to excel in this transformative realm.

The corporate world is on the brink of a profound shift. The rise of socially responsible investing has led to a staggering increase in the allocation of assets, surpassing USD 23 trillion globally, consciously factoring in ESG influences.  Numerous institutions and standards, including WBCSD, GRI, IIRC, SASB, TCFD, ISSB, ESRS, and the draft from SEC, have established diverse disclosure requirements. With the International Sustainability Standards Board (ISSB) recently drawing inspiration from TCFD’s disclosure mandates and subsequently introducing the ground-breaking IFRS Sustainability Disclosure Standards – IFRS S1 and IFRS S2, set to be effective from January 1, 2024, the landscape of global sustainability reporting has undergone a significant transformation. This two-day ESG Masterclass program offered by Shasat is designed to navigate these multifaceted disclosure requirements. Participants will gain a thorough understanding of the various requirements and discern the key differences among them, ensuring they’re equipped to address and adhere to these evolving standards.

The ESG Masterclass program, offered by Shasat, has been meticulously crafted to cater to professionals seeking to navigate and influence this evolving landscape effectively. Its comprehensive curriculum spans a wide range of essential ESG topics, including climate change, social responsibility, human rights, corporate governance, and sustainable investing. Recognizing the paramount importance of the new IFRS sustainability standards, the program’s expert instructors guide participants through real-world case studies and hands-on exercises, equipping them with the skills and insights necessary to embrace ESG best practices and leverage the ‘climate first’ transition approach for their inaugural year of reporting under these standards.

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In a rapidly changing business landscape, the need for robust risk management and internal controls has never been more critical. As the corporate world grapples with increasing complexities, a new training program is poised to empower professionals in the field of internal control and reporting. This initiative, launched by Shasat, promises to reshape the way organizations approach corporate governance.

Designed for intermediate to advanced professionals, the course is strategically tailored to enhance expertise in managing risk and internal controls within the corporate governance framework. While this training is essential for professionals in the internal control and reporting sector, its potential impact transcends industry boundaries.

In today’s dynamic business environment, boards bear a substantial responsibility in ensuring effective risk management and internal control systems. The success and sustainability of any organization hinge on these critical components. The Advanced Internal Audit and Controls program offers participants an opportunity to gain invaluable insights into the core elements of corporate governance, a must-know for those involved in designing, implementing, monitoring, and evaluating risk management and internal control frameworks.

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