Like Dr. Seuss, registered firms that lease property might be wondering how it got “late so soon.“ IFRS 16 Leases (IFRS 16), which was adopted in January 2016, has come into effect for reporting periods beginning on or after January 1, 2019. This standard is intended to increase transparency in accounting practices by moving nearly all leases onto the balance sheet. For registrants, this may have implications for, among other things, how they calculate and report excess working capital to securities regulators.

Don’t just lament “how the time has flewn.” Contact us and we can work with you to prepare filings such as Form 31-103F1 Calculation of Excess Working Capital in accordance with the new standards.