Environmental Liabilities

FASAB SFFAS 5, Accounting for Liabilities of the Federal Government (PDF)

The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard - SFFAS.
 

FASAB / SFFAS 6, Accounting for Property, Plant and Equipment (PDF)

The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard - SFFAS.
 

Technical Release 2, Determining Probable and Reasonably Estimable for Environmental Liabilities in the Federal Government (PDF)

The Federal Accounting Standards Advisory Board (FASAB) establishes federal accounting standards needed to comply with Generally Accepted Accounting Principles (GAAP). The federal accounting standards issued by the FASAB are called Statements of Federal Financial Accounting Standard - SFFAS.
 

DoD Financial Management Regulation, Volume 4 Chapter 13, Environmental Liabilities

DoD FMR Volume 4 Chapter 13 prescribes the accounting policy for measuring, recognizing, and disclosing environmental liabilities, and the procedures to record DoD environmental liabilities.
 

DoD FMR Volume 6B Chapter 10, Form and Content of the DoD Audited Financial Statements, Notes to the Financial Statements

DoD FMR Volume 6B Chapter 10 presents the form and content of the Note 14, Environmental and Disposal Liabilities.
 

Department of Defense Environmental Liabilities Best Practices Guide (PDF)

The Office of the Undersecretary of Defense (Comptroller) developed this best practices guide on environmental liabilities for financial managers, accountants, and technical professionals throughout DoD. Information on the entire process of identifying, recording, documenting, and reporting environmental liabilities is presented to assist in audit preparations but should not be construed as policy. Users of this guide should note that examples and practices used by various companies and agencies are provided for discussion and illustration only.
 

Government Accountability Office/President's Council on Integrity and Efficiency Financial Audit Manual (GAO/PCIE FAM)

The Government Accountability Office (GAO) Financial Audit Manual comes in three volumes containing the methodology and tools that an auditor will use when conducting an audit. These are also tools you can use to prepare for an audit. One of the more important sections for environmental liabilities is the Checklist for Federal Accounting (FAM 2010) and Checklist for Federal Reporting and Disclosures (FAM 2020).
 

Last Modified: 21 March 2014 at 11:17