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SOX ups the ante for environmental reporting

✍ Scribed by Joseph W. Berlin; Stephen R. Goldberg


Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
62 KB
Volume
16
Category
Article
ISSN
1044-8136

No coin nor oath required. For personal study only.

✦ Synopsis


Abstract

Federal and state laws require environmental cleanup that's often either not recognized or understated in financial statements. But now, the Sarbanes‐Oxley Act (SOX) requires management to certify financial statements and internal controls. This makes management criminally liable for proper environmental cleanup reporting! So how should you identify, estimate, and report cleanup liabilities? The authors of this article offer some guidance. Β© 2005 Wiley Periodicals, Inc.


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