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Konstantinos Katarnias

Director at Deloitte UK

Professional Background<br>Konstantinos Katarnias is a highly accomplished director within Deloitte’s UK Insurance Audit and Assurance practice. With a career that spans several years at one of the world’s leading professional services firms, he excels in delivering an extensive array of financial reporting and accounting advisory services tailored specifically for the insurance sector. His expertise is particularly focused on assisting clients in navigating the complex landscape of financial regulations and reporting standards, where his profound knowledge of International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (US GAAP), and various regulatory frameworks plays a pivotal role.<br><br>In his current capacity, Konstantinos is concentrating on the implementation of IFRS 17 for globally active insurance firms based in the UK. This standard represents a significant change in insurance accounting. Konstantinos is dedicated to providing pragmatic solutions that are grounded in his deep understanding of the requirements of IFRS 17, thus helping insurers to meet the challenges posed by this new regulation. His role not only encompasses the development of solutions but also involves close collaboration with his clients to ensure practical application and compliance.<br><br>Furthermore, Konstantinos is an esteemed member of the ICAEW IFRS 17 Discussion Group, where he is actively engaged in discussions centered around the interpretation and application of IFRS 17 within the UK insurance industry. His contributions have proven invaluable, as they help shape the understanding and implementation of this crucial standard in practice.<br><br>### Education and Achievements<br>Konstantinos’s educational background has equipped him with the necessary skills and theoretical foundations to excel in the financial services industry. He embarked on his professional journey with Deloitte Greece, where he gained significant auditing experience. As an auditor, Konstantinos developed a comprehensive understanding of the auditing processes for large listed companies, particularly within the financial services sector. Over time, he transitioned to the UK, continuing his career at Deloitte and rising through the ranks to become a Senior Manager and, eventually, a Director.<br><br>Throughout his illustrious career, Konstantinos has successfully guided a myriad of insurers in the areas of IFRS conversion, GAAP transformations, US GAAP regulations, SEC reporting, Sarbanes-Oxley (SOX) compliance, and transaction due diligence support. His adeptness at navigating capital raising transactions—including equity and bond offerings—within US capital markets has solidified his reputation as a go-to expert in the finance domain. His unique ability to provide strategic insights during complex transactions sets him apart in a competitive industry.<br><br>### Outstanding Contributions<br>Moreover, Konstantinos’s significant contributions are marked by his unwavering commitment to excellence in the audit space. He is respected not only for his technical expertise but also for his collaborative approach and leadership skills. He has played an instrumental role in mentoring teams and fostering a culture of continuous learning within Deloitte. Konstantinos's work has not only garnered the trust of clients but also established him as a reliable figure amongst his peers.<br><br>In conclusion, Konstantinos Katarnias represents a wealth of knowledge and expertise within the financial services industry, particularly in the insurance sector. His strategic insights, combined with a commitment to helping clients thrive amid regulatory changes, underline his integral role at Deloitte UK and in the broader financial community.

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How did Konstantinos Katarnias become an expert in IFRS and US GAAP?
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Konstantinos Katarnias
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Location

London, England, United Kingdom