Ready for Sarbanes-Oxley Certification? It?s Time to Be Prepared

Description

Changes in accounting rules will have a dramatic impact on how pollution cleanup liabilities are identified, valued, and reported. These rules will also dramatically increase the level of cost and effort to identify, assess, and estimate environmental liabilities. Compliance with these new financial reporting requirements will require processes and multidisciplinary teams that most companies do not have at hand.

Keywords:

financial reporting, liabilities, certify, fair value, asset retirement, cleanup, Sarbanes-Oxley, FAS 143, FIN 47