Implementation Services

Comprehensive IFRS and IAS implementation services to aid in smooth transitions and compliance, minimizing risks, and optimizing financial reporting processes.

Get implementation help from the region’s leading experts

As the region’s leading Actuarial consulting firm, SHMA offers comprehensive Implementation services for both IFRS (International Financial Reporting Standards) and IAS (International Accounting Standards) to help businesses navigate complex financial reporting requirements. Our expert team ensures seamless integration of these standards into your organization’s financial systems, providing accurate and compliant reporting. From initial assessments and gap analysis to tailored solutions and ongoing support, we enable clients to enhance transparency, meet regulatory demands, and make informed decisions based on accurate financial information.


IFRS 17 replaces IFRS 4 and introduces consistent and transparent measurement and disclosure requirements for insurance contracts. This comprehensive standard brings significant changes in financial reporting for insurers, emphasizing the use of current market data and expected cash flows to assess contracts’ profitability and risk.

Our team of experts can help your organization navigate this complex transition, ensuring compliance and implementing robust systems for data management and reporting to meet the stringent requirements of IFRS 17.


IFRS 4 is a critical accounting standard for insurance companies globally. It ensures transparent and consistent financial reporting in the insurance industry. By adhering to IFRS 4, insurance companies can effectively communicate their financial positions, risks, and performance to stakeholders, fostering greater trust and informed decision-making.

SHMA assists clients in understanding and implementing IFRS 4 requirements, enabling them to navigate the complexities of insurance contract reporting with confidence and accuracy.


IFRS 9 is a crucial accounting standard that governs the classification and measurement of financial instruments. Implemented to improve transparency and consistency in financial reporting, IFRS 9 replaces IAS 39. It introduces a three-stage approach for assessing credit risk and provisions for expected credit losses (ECL).

SHMA can help your organization implement and comply with this comprehensive standard and gain a more accurate portrayal of your organization’s financial health.

IAS 19

IAS 19 addresses the accounting treatment of employee benefits. Compliance with IAS 19 ensures transparent and accurate reporting, reflecting the financial obligations and commitments towards employees.

At SHMA, we assist clients in implementing IAS 19, facilitating comprehensive Actuarial valuations, and offering expert advice to optimize benefits management and financial planning.


IFRS 2 addresses Share-based Payment transactions within an entity. It outlines the accounting treatment and disclosure requirements for equity-settled and cash-settled share-based payment arrangements with employees or other parties.

We can assist businesses in navigating the complexities of IFRS 2 by providing comprehensive guidance on fair value measurement, vesting conditions, and expense recognition. Our expertise ensures accurate financial reporting, compliance with regulatory standards, and effective decision-making for organizations with share-based payment programs.
Embracing IFRS and IAS implementation is a pivotal step towards achieving transparent, standardized, and compliant financial reporting. At SHMA, our Implementation Services are designed to support your organization throughout this transformative journey. With a commitment to excellence, precision, and customer satisfaction, we are dedicated to helping you unlock the true potential of your financial reporting while ensuring regulatory compliance.

Partner with us today and experience the power of seamless implementation under the guidance of seasoned Actuarial experts.