Offsetting under US GAAP and IFRS

Hello,

 

Please i need assistance ASAP and I will appreciate it immensely! 

I need to write a memo to accountants in my organisation on the offsetting rules for US GAAP and IFRS in order to ensure that all regions are US GAAP compliant. I work in the insurance industry.

US GAAP - FIN 39 (FIN 41)

IFRS - IAS32

Thank you