LEASE ACCOUNTING
Focused on Change
Adapting to new lease accounting standards requires more than just technical adjustments. The impact extends to internal controls, systems, processes, and compliance. Bailey LLP brings the expertise and insight to help your organization navigate these changes with confidence, ensuring accurate reporting and operational readiness.
How Bailey LLP Can Help
Guidance Through Every Step of Lease Accounting Transition
Transitioning to the new lease accounting standards under IFRS 16 is a critical priority for any organization with a lease portfolio. Bailey LLP helps companies across industries implement these standards effectively bringing clarity to lease classification, measurement, and compliance.
Our professionals provide end-to-end support, including:
- Technical accounting guidance under IFRS 16
- Lease identification, classification, and contract review
- Measurement of right-of-use assets and lease liabilities
- Tax and compliance advisory
- New lease structuring strategies and modeling
- Internal control evaluation and process development
- Resolution of complex accounting issues during adoption
We follow a structured, five-step methodology to help clients plan, implement, and sustain compliance with the new lease accounting standards ensuring both accuracy and operational efficiency.
Contact Our Expert Team
Reach out to Bailey LLP at 357 Bay Street, Toronto for CPA and advisory services.