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ASTM International - ASTM E2173-16

Standard Guide for Disclosure of Environmental Liabilities

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Organization: ASTM International
Publication Date: 1 October 2016
Status: active
Page Count: 16
ICS Code (Environmental management): 13.020.10
significance And Use:

4.1 Significance-Since the release of FASB Statement 5-Accounting for Contingencies-in March 1975, the regulatory complexity around environmental matters has increased due to a... View More

scope:

1.1 Purpose-The purpose of this guide is to provide a series of options or instructions consistent with good commercial and customary practice in the United States for environmental liability disclosures accompanying audited and unaudited financial statements. This guide is consistent with Generally Accepted Accounting Principles (GAAP)2 issued by Financial Accounting Standards Board (FASB), as well as related statements, rules, regulations, and/or procedures issued by Government Accounting Standards Board (GASB), Public Company Accounting Oversight Board (PCAOB), Securities and Exchange Commission (SEC), and Federal Accounting Standards Advisory Board (FASAB). This guide is intended to be consistent with other issuers of accounting standards and practices, including International Accounting Standards Board (IASB).

1.2 Objectives-The objectives of this guide are to determine the conditions warranting disclosure and the content of appropriate disclosure.

Document History

ASTM E2173-16
October 1, 2016
Standard Guide for Disclosure of Environmental Liabilities
4.1 Significance—Since the release of FASB Statement 5—Accounting for Contingencies—in March 1975, the regulatory complexity around environmental matters has increased due to a variety of long-term...
July 1, 2011
Standard Guide for Disclosure of Environmental Liabilities
Uses—This guide is intended for use on a voluntary basis by a reporting entity that provides disclosure in their financial statements regarding environmental liabilities. The degree and type of...
March 15, 2007
Standard Guide for Disclosure of Environmental Liabilities
1.1 Purpose—The purpose of this guide is to provide a series of options or instructions consistent with good commercial and customary practice in the United States for environmental liability...
December 10, 2001
Standard Guide for Disclosure of Environmental Liabilities
1.1 Purpose—The purpose of this guide is to provide a series of options or instructions consistent with good commercial and customary practice in the United States for environmental liability...
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