In this article The TBLS Group and Mazars, USA discuss the game changing impacts of the new and revised ASTM environmental valuation, recognition and disclosure standards. The key “game changer” is the convergence of ASTM standards with GAAP and other accounting principles mandating more accurate financial reporting of environmental matters. Natasha Songonuga, of Gibbons Law offers insights and examples as to how these revisions are/will be used in bankruptcy proceedings with large environmental liabilities both as a tool and strategy. (Read More)