Financial Reporting of Environmental Liabilities and Risk After Sarbanes-Oxley
By C. Gregory Rogers
Environment financial reporting deals with accounting for and reporting on environmental transactions, conditions, and events that affect, or are reasonably likely to affect, the financial position of an enterprise. This book serves as a primer for designing and implementing an environmental financial reporting system that would satisfy Sarbanes-Oxley sections 302 and 404. The author begins with a background section that serves as a foundation for the remainder of the book. The next section covers Sarbanes-Oxley and how the act has impacted environmental financial reporting. Section Three describes and analyzes the various financial reporting standards applicable to environmental financial reporting under both GAAP and SEC regulations. The final part examines the application of financial auditing standards to environmental financial reporting. The author states that accountants are one of the primary audiences that the book is targeted towards. However it is not until the final two chapters that we find coverage for financial statement auditing and what the author terms "internal control" auditing. Despite this there is sufficient relevant information contained in this publication to consider adding it to your professional library.
JMK