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OUR SERVICES

Financial Reporting

Responsible Evaluation of Financial Obligations for Environmental Issues
  • BBJ Financial Reporting 1
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Managing Environmental Liabilities

Numerous companies are increasingly focused on identifying, disclosing, and measuring environmental liabilities. Changes to SEC Regulation S-K and FASB Interpretation No. 47 (FIN 47) mandate enhanced disclosure and accrual, clarifying that a wide array of environmental liabilities necessitate GAAP treatment and accrual as "conditional liability retirement obligations."

Since 1995, BBJ Group professionals have employed expected value analysis to assess the costs associated with retiring environmental liabilities. Their work encompasses tasks such as cost allocation and dispute resolution, developing Monte Carlo models to forecast compliance and liability trends as well as expenses, conducting comprehensive evaluations of the retirement of contaminated assets, performing risk and liability transfer analyses and implementations, conducting Natural Resource Damage Assessments, providing Regulation S-K litigation support, and reviewing liability reserve obligations.

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KEY CONTACT

RELATED SERVICES

FINANCIAL REPORTING

INSURANCE ADVISORY

OPINION OF COST

NATURAL RESOURCE DAMAGES

RESERVE MANAGEMENT

DISPUTE RESOLUTION