These are examples of environmental disclosure issues that companies already are facing, or soon will be. Rose Environmental brings valuable assistance to companies for resolving these issues.
Am I late yet? Under FIN 47, my company already may be late in disclosing its asset retirement obligations. On the other hand, my company may have more time with the one-year deferral of FAS 157 for certain applications. What should my company be doing about its asset retirement obligations?
[See the February 6, 2008 post in the Knowing Disclosure blog for how this became confusing.]
Where do I stand? Where is my company on environmental disclosure in relation to demonstrated good practice in my industry? Obtaining a Benchmark Report from Rose Environmental may be among the initial steps to consider taking on this matter.
What about climate change disclosure? What should I be doing now on climate change-related disclosure? Could my company face the possibility of lawsuits in the future?
[See Raymond Rose's article on being underway with climate change disclosure, published in the January-March 2008 issue of the Environmental Claims Journal.]
How do I integrate environmental disclosure? How does my company effectively and efficiently integrate environmental disclosure with its routine development of financial statements? How does it figure into my company's internal control on financial reporting?
What should I be doing about fair value? With FAS 157, the necessity of fair value measurements is here. How should my company apply fair value in disclosing its environmental liabilities?
How do I minimize costs for environmental liabilities? What is my company's business strategy for managing and minimizing costs for environmental liabilities? For example, what are my opportunites to manage the costs of my company's asset retirement obligations?
What do I need for an acquisition or merger? With FAS 141R becoming effective soon, what does my company need to know that is different about environmental disclosure for mergers and acquistitions.
[See Raymond Rose's article in the Environmental Claims Journal's October-December 2008 issue citing the problem of two classes of loss contingencies under FAS 141R. See also the Knowing Disclosure blog for more on disclosure under FAS 141R.]
