Summary
Overview
Work History
Education
Skills
Websites
Iqama
Certification
Timeline
Generic
Shoaib Ishtiaq

Shoaib Ishtiaq

Group Financial Reporting and IFRS Expert
Al Khobar

Summary

Experienced finance and audit professional with over 13 years of diverse experience in financial reporting, audit, IFRS implementation, and group consolidation. Proven ability to manage external audits, implement new IFRS standards, and resolve complex technical accounting issues across different industries. Holds ACCA and IPA Australia memberships, a finance degree, and extensive cross-border exposure in Saudi Arabia and Pakistan.

Overview

13
13
years of professional experience
2
2
Certifications
3
3
Languages

Work History

Group Reporting and Budgeting Manager

Al Fozan Holding Company
01.2021 - Current
  • Lead Group-wide internal and external financial reporting, ensuring timely issuance of 80+ financial statements annually.
  • Lead full audit cycle and provide technical support to resolve complex audit/accounting matters.
  • Provide technical guidance to Group finance teams and oversee reporting for CSR and subsidiary entities.
  • Manage monthly consolidated results and annual budgets for strategic decisions by the Board and CFO.
  • Responsible for Accounting and Finance policies and Manual preparation, up gradation and implementation
  • Review payments Holding companies, driving governance and control enhancements.
  • Drive improvements in payments and financial reporting systems.
  • Support ZATCA compliance, financial reporting to finance providers, and regulatory alignment.

Audit Manager

PKF Al Bassam & Co.
01.2016 - 01.2021
  • Managed audit and consultancy portfolio of 50+ companies including listed, multinational, and family groups.
  • Led IFRS-based audit, due diligence, and advisory engagements.
  • Member of Risk and Quality Committee and Training Committee.
  • Delivered IFRS trainings and ensured quality and risk compliance across the firm.
  • Attended audit committee meetings and presented findings to Board-level stakeholders.

Deputy Manager – Finance & Taxation

Kamal Textile Mills Pvt. Ltd.
01.2015 - 01.2016
  • Maintained statutory-compliant accounting books and coordinated external audits.
  • Prepared monthly financials and oversaw tax compliance including income tax returns and withholding statements.
  • Developed financial reporting systems for new group companies.

Audit Senior

Deloitte
01.2012 - 01.2015
  • Led audits across construction, oil & gas, healthcare, power, and retail sectors.
  • Supervised junior staff and presented financials to Boards and audit committees.
  • Focused on value-adding, risk-based audit approaches and compliance with ISAs and corporate governance.

Education

ACCA Member – Association of Chartered Certified -

Association of Chartered Certified Accountants
United Kigdom
04.2001 -

FIPA Member -

Institute of Public Accountants (Australia)
Australia
04.2001 -

Bachelor in Accounting (Honours) - Accounting And Finance

Asia E University
09-2022

Skills

  • Proficient in financial consolidation
  • Assurance service proficiency
  • IFRS standards integration
  • Reporting for stakeholders

Iqama

Transferable (Accountant)

Certification

FIPA Member – Institute of Public Accountants (Australia)

Timeline

• ACCA Member – Association of Chartered Certified Accountants (UK)

02-2025

FIPA Member – Institute of Public Accountants (Australia)

10-2024

Group Reporting and Budgeting Manager

Al Fozan Holding Company
01.2021 - Current

Audit Manager

PKF Al Bassam & Co.
01.2016 - 01.2021

Deputy Manager – Finance & Taxation

Kamal Textile Mills Pvt. Ltd.
01.2015 - 01.2016

Audit Senior

Deloitte
01.2012 - 01.2015

ACCA Member – Association of Chartered Certified -

Association of Chartered Certified Accountants
04.2001 -

FIPA Member -

Institute of Public Accountants (Australia)
04.2001 -

Bachelor in Accounting (Honours) - Accounting And Finance

Asia E University

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Shoaib IshtiaqGroup Financial Reporting and IFRS Expert