WSPS.CA | 2022 Annual Report | 25
Workplace Safety & Prevention Services
Notes to Financial Statements
March 31, 2023
9
16 Contingencies
The Corporation may, from time to time, be subject to claims and legal proceedings brought against it in the
normal course of business. Such matters are subject to many uncertainties. Management believes adequate
provisions have been made in the accounts where required and the ultimate resolution of such contingencies
will not have a material adverse effect on the financial position of the Corporation. Any amounts in settlement of
claims in excess of recorded provisions will be charged to the statement of operations in the year of claim.
