Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley PDF Download
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Author: C. Gregory Rogers
Publisher: John Wiley & Sons
ISBN: 0471746959
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
Financial Reporting of Environmental Liabilities and Risks is a complete guide to developing the underlying business systems to successfully report environmental matters in audited financial statements and reports filed with the Securities Exchange Commission (SEC). It sets forth relevant reporting and internal control standards and discusses important issues affecting reporting entities, accountants, lawyers, and environmental professionals.
Author: C. Gregory Rogers
Publisher: John Wiley & Sons
ISBN: 0471746959
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
Financial Reporting of Environmental Liabilities and Risks is a complete guide to developing the underlying business systems to successfully report environmental matters in audited financial statements and reports filed with the Securities Exchange Commission (SEC). It sets forth relevant reporting and internal control standards and discusses important issues affecting reporting entities, accountants, lawyers, and environmental professionals.
Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Environmental auditing
Languages : en
Pages : 72
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Book Description
Author: Canadian Institute of Chartered Accountants
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
Author: David Moore
Publisher:
ISBN:
Category :
Languages : en
Pages : 62
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Book Description
Author: Institute of Chartered Accountants in England and Wales. Financial Reporting & Auditing Group
Publisher:
ISBN:
Category : Environmental law
Languages : en
Pages : 19
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Book Description
Author: Thomas Ervin Schneider
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Recent reports from envir ...
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Casualty insurance
Languages : en
Pages : 16
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Book Description
Author: Khondkar Karim
Publisher: Bloomsbury Publishing USA
ISBN: 0313053588
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
Understanding environmental liability and disclosure is critical for firm management, investors, accountants and auditors. The U.S. Congress has been increasing the pressure on companies to disclose information on environmental liabilities for years. This study delves into the issue by examining the impact of environmental disclosure on financial performance. These insightful essays provide guidance by supplying the most current and concise research available on this important topic. Covering such topics as legislation, liability, and regulations, this work analyzes how environmental disclosure influences the financial statements and public accountability of companies, and ultimately drives organizational change. This book builds the framework necessary to comprehend the complexities of quantifying environmental liabilities and make well-informed decisions.
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976354403
Category :
Languages : en
Pages : 62
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Book Description
The nation's military installations and nuclear weapons production facilities have accumulated many types of waste and contamination over the years. The federal government estimated its environmental liability to clean up this waste at $249 billion in fiscal year 2004, representing the federal government's third largest reported liability. It represents a significant future outflow of funds at the same time as many other competing demands for federal dollars, but is currently not auditable. GAO was asked to address (1) the nature and extent of the government's environmental liabilities, (2) the extent to which Energy's and Defense's processes and controls were designed to estimate and report environmental liabilities in accordance with federal accounting standards, and (3) the nature and types of uncertainties that are currently not estimable but could affect the cost of cleanup. The federal government's environmental liability reflects the estimated cost to clean up and dispose of environmental contamination in every state in the nation. The Departments of Energy and Defense report about 99 percent of this liability. Energy's reported liability of $182 billion relates primarily to the cleanup and disposal of nuclear waste, contamination, and by-products that resulted from decades of nuclear weapons production. Defense's reported liability of $64 billion is primarily for the cleanup of hazardous wastes at training ranges, military bases, and former defense sites; disposal of nuclear ships and submarines; and disposal of chemical weapons. While the design of Energy's internal controls have enabled its auditors to determine that Energy's financial statements were presented fairly and in accordance with federal accounting principles, significant weaknesses in Defense's controls have hindered it from producing auditable environmental liability estimates. Specifically, Defense's outdated and incomplete accounting guidance for developing and reporting its environmental liability estimates led to errors in financial reporting; its policies and procedures for determining, reporting, and documenting environmental liability estimates were not consistently followed; and none of the military services had adequate controls in place to help ensure that all identified contaminated sites were included in their environmental liability cost estimates. These weaknesses not only affected the reliability of Defense's environmental liability estimate, but also that of the federal government as a whole. Even if Defense resolved its internal control weaknesses, uncertainties exist for both Energy and Defense-the effect of which cannot currently be estimated-that could increase the government's environmental liabilities beyond the currently recorded amounts. These uncertainties involve the lack of feasible or proven remediation technologies, regulatory impediments and legal challenges, and uncertainties with the agencies' abilities to meet their current cost and schedule targets. It is important to understand the nature and extent of these uncertainties because they have the potential to materially impact the ultimate cost and timing of cleanup activities. Craters Left as a Result of Underground Nuclear Testing at the Nevada Test Site Source: National Nuclear Security Administration Nevada Site OfficeEnergy's sites, for which estimated costs of remediation are not reported because no feasible remediation approach has been identified, include the nuclear explosion test area at the Nevada Test Site where over 900 nuclear test explosions have left residual radioactivity.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Hazardous waste site remediation
Languages : en
Pages : 52
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Book Description
