Global IFRS Desk
At Shasat Consulting, our Global IFRS Desk stands as a beacon of expertise, offering unparalleled implementation and technical advisory services for intricate financial transactions across the globe. Our adept team possesses a profound comprehension of the intricate landscapes of International Financial Reporting Standards (IFRS), United States Generally Accepted Accounting Principles (US GAAP), UK GAAP, and International Public Sector Accounting Standards (IPSAS). These standards frequently necessitate discerning judgement and strategic policy decisions to ensure their effective execution.
Emphasizing a strategic approach to pre-implementation, our seasoned professionals leverage their extensive accounting acumen and market insights to guide clients through the labyrinth of accounting challenges. Our expertise spans a broad spectrum of critical areas, including but not limited to revenue recognition, lease accounting, impairment assessments, consolidation processes, financial instrument impairment recognition, and hedging against market and credit risks.
Our commitment extends to integrating best industry practices and methodologies, delivering pragmatic solutions tailored to secure the most advantageous outcomes. Regardless of the complexity—be it revenue recognition, employee benefits, or any other pivotal accounting concern—Shasat’s Global IFRS Desk is your steadfast ally.
Our service portfolio encompasses:
Implementation of IFRS, UK GAAP, US GAAP, and IPSAS
Shasat’s Global IFRS Desk has extensive knowledge and experience in implementing various accounting standards, including International Financial Reporting Standards (IFRS), United Kingdom Generally Accepted Accounting Principles (UK GAAP), United States Generally Accepted Accounting Principles (US GAAP), and International Public Sector Accounting Standards (IPSAS). Our team provides comprehensive support to ensure the successful adoption of these standards by clients. For detailed information on our specific services related to IFRS 17 and IFRS implementations, please refer to the following pages.
IFRS 17 Implementation
IFRS 9 Implementation
On-Call Advisory Services
The On-Call Advisory Services offered by Shasat’s Global IFRS Desk provide technical accounting guidance for a wide range of transactions, from simple to complex. Our team of experts is available to answer questions and provide guidance on accounting and financial reporting matters as they arise.
Development of Accounting Policy Manuals
Shasat’s Global IFRS Desk develops customized Accounting Policy Manuals to assist clients in consistently applying accounting policies and procedures in compliance with relevant accounting standards. Our manual includes an overview of the client’s business, its financial reporting requirements, and a detailed description of the accounting policies and procedures.
Interim and Annual Financial Reporting Support
Shasat’s Global IFRS Desk provides interim and annual financial reporting support to clients, including assistance with the preparation of financial statements and related disclosures. Our team works closely with clients to ensure timely and accurate financial reporting, in accordance with the applicable accounting standards and regulations.
Our Experience
Shasat’s Global IFRS Desk has a proven track record of providing exceptional consulting services to a wide range of clients. In recent years, our team has successfully assisted financial institutions, insurance companies, large corporates including oil and gas companies, and professional firms with their accounting and financial reporting needs. Our extensive experience and expertise in implementing various accounting standards, combined with our commitment to delivering customized and high-quality solutions, has made us a trusted partner to organizations in diverse industries. Partner with Shasat to benefit from our unparalleled experience and expertise in accounting and financial reporting.
At Shasat, we are committed to maintaining the highest level of confidentiality and integrity in all of our client relationships. Our goal is to establish long-term partnerships that go beyond individual transactions and address our clients’ ongoing business concerns.
Contact Us
At Shasat, we are dedicated to providing exceptional consulting services to meet the needs of our clients. If you require assistance with any of the services offered by our Global IFRS Desk, including IFRS implementation, on-call advisory services, development of accounting policy manuals, or interim and annual financial reporting support, please do not hesitate to reach out to us. Our team of experts is ready to provide the guidance and support you need to succeed. Contact us today to learn more about how we can assist you.