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Friday, August 27, 2004

Environment - Disclosing contingent liabilities under Sarbanes-Oxley

Findlaw.com has an article today titled "Disclosing Contingent Environmental Liabilities: Navigating In A New Environment." The intro:

The Sarbanes-Oxley Act and its implementing regulations are increasing the level of scrutiny given to public companies' disclosure of contingent risks. Environmental issues, however, have not necessarily been at the top of the list. Most of those responsible for designing Sarbanes-Oxley compliance programs are not environmental professionals and may not fully appreciate the challenges inherent in designing a system that will produce reliable environmental disclosure. This article highlights some of the challenges presented for Sarbanes-Oxley compliance in the environmental arena, identifies potential solutions to those challenges and examines some of the consequences that are likely to flow from increased environmental disclosure.

Posted by Marcia Oddi on August 27, 2004 09:12 AM
Posted to Environmental Issues