Accounting Board To Finalize Major Environmental Reporting Rules

A board that establishes financial standards will soon finalize a controversial new environmental reporting requirement mandating disclosure of future liabilities for the first time, following months of delay and a chorus of opposition from companies that include electric utilities. The new requirements are coming into play as shareholder advocacy groups are putting increased pressure on companies to enhance environmental reporting in their reports to the Securities and Exchange Commission (SEC). Companies also face new requirements under the 2002 Sarbanes-Oxley Act...