Bringing clarity to an area of complex accounting and reporting
Accounting and financial reporting standards require companies to estimate asset retirement obligations (AROs) and environmental obligations as part of their normal accounting and reporting practices. In transactions, companies considering acquisitions, divestitures or spin-offs must be aware of both the reporting complexity and impacts to deal value.
These obligations are driven by environmental regulations including:
- Remediation/clean-up
- Closure obligations
- Capital spending
- Compliance performance
- Renewable energy
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