TBLS will be joining an executive panel of financial and industry experts to introduce and discuss the adoption revised ASTM Environmental Standards impacting Environmental Valuation and Disclosure. Join us on April 24, 2018 between 8 AM and 10AM at the Crowne Plaza in Saddle Brook, NJ.
Key findings of ASTM Review Board after evaluating environmental reserves on over eight hundred 10K Reports.
How ASTM has incorporated GAAP standards into the revised ASTM E2137-17 (Environmental Valuation) and E2173 (Disclosure) Standards – The shift from “Minimum Value” reporting to “Fair Market Value” reporting.
Environmental Valuation Methodologies approved by ASTM and how using these differs from current reporting based on “Estimated Minimum Value.”
WHY this change is important to your company, clients and investors. Will this impact the Passaic River Clean-up Reserve Reporting?
Who will be the early adopters of the revised ASTM Valuation and Disclosure Standards? Why would someone early adopt these standards? How quickly and who are the candidates to adopt and incorporate these updated standards into their 10-K Reporting?
Given the current “enforcement” environment, when can we expect regulation requiring use of these standards, who will most likely be enforcing these standards, and who will be affected?