By C. Gregory Rogers
Monetary Reporting of Environmental Liabilities and hazards is a whole advisor to constructing the underlying company platforms to effectively record environmental concerns in audited monetary statements and studies filed with the Securities trade fee (SEC). It units forth appropriate reporting and inner regulate criteria and discusses vital matters affecting reporting entities, accountants, attorneys, and environmental pros.
Read or Download Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley PDF
Best managerial books
Construction Accounting & Financial Management, 2nd Edition
This booklet takes common company accounting and fiscal rules in addition to engineering economics and adapts them to the original features of the development undefined. It presents the entire key monetary administration rules wanted through development managers below one conceal, addressing how they're utilized within the building and the way they have interaction.
Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia
A lot has been written in regards to the monetary and political difficulties of nations which are within the technique of altering from centrally deliberate platforms to industry platforms. so much reviews have inquisitive about the commercial, criminal, political and sociological difficulties those economies have needed to face throughout the transition interval.
Financial Services Anti-Fraud Risk and Control Workbook
Myth-busting counsel for fraud preventionin a pragmatic workbook formatAn first-class primer for constructing and imposing an anti-fraud software that works, monetary companies Anti-Fraud chance and keep an eye on Workbook engages readers in an soaking up self-paced studying event to boost familiarity with the sensible features of fraud detection and prevention at banks, funding companies, credits unions, insurance firms, and different monetary providers prone.
The Encyclopedia of Finance, moment version, made from over one thousand person definitions and chapters, is the main accomplished and up to date source within the box, integrating the most up-tp-date terminology, examine, thought, and useful functions. Showcasing contributions from a global array of specialists, the revised variation of this significant reference paintings is remarkable within the breadth and intensity of its insurance.
- Accounts Receivable Management: Best Practices
- Laws and Regulations in Global Financial Markets
- Treasury Management
- Mergers, Acquisitions, and Corporate Restructurings
- Werteorientierte Konzeptionen im Krankenhaus: Analyse – Verfahren – Praxisbeispiele
Extra resources for Financial Reporting of Environmental Liabilities and Risks after Sarbanes-Oxley
Sample text
Future legislation arising from concerns about global warming, however, may force companies to incur significant costs to reduce the level of greenhouse gas (GHG) emissions. Laws curtailing GHG emissions might also have an adverse effect on other industries, such as the automotive industry, which produce products that are sources of such emissions. The foreseeable transition from external costs to internal costs can be a primary element of environmental risk to the enterprise. Although generally accepted accounting principles (GAAP) are not designed to account for environmental risks of this type, the federal securities laws do require disclosure of known trends, events, or uncertainties that are reasonably likely to affect the entity’s future financial condition.
The bottom slice of bread represents the complex interaction of the various elements of environmental protection. These elements include: • Public policy regarding protection of the environment and conservation of natu- ral resources. Public policy is dynamic. S. environmental statutes, environmental public policy has evolved from a government command-and-control orientation toward a model of self-regulation combined with increased disclosure and transparency of environmental performance. Public policy may be reflected in various forms, including environmental laws, government enforcement policies, and investor expectations of corporate environmental responsibility and stewardship.
The GAO study concluded in 2004, with a report to Congress entitled Environmental Disclosure: SEC Should Explore Ways to Improve Tracking and Transparency of Information. S. companies and the integrity of the financial reporting processes maintained to achieve these objectives. Even with clearly understood objectives and a well-defined financial reporting process, there are many risks that may prevent the organization from achieving its objectives. For these reasons, the financial reporting process must: (1) operate within an organizational environment that is dedicated to ethical behavior and compliance with legal requirements and financial reporting standards, and (2) incorporate appropriate controls to effectively prevent and detect intentional and unintentional process deviations.