November 05, 2018

New Tools to Identify and Resolve Environmental Liabilities

Scott Shock and John Rosengard

In January 2017, ASTM authorized a work group to draft a new standard guide for the recognition and derecognition of environmental liabilities. This standard, which combines recent advances in accounting principles, disclosures, and estimating techniques, was balloted unanimously and went into effect in December 2017. The current version is E3123-18, available at www.astm.org/Standards/E3123.htm

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