Environmental Accounting: Issues, Reporting And Disclosure

Abstract

With cleanup costs of hazardous wastes expected to run as high as $500 billion to $1 trillion over the next 50 years, environmental reporting and disclosure by firms in the United States during the 2000's will become more prolific. This manuscript seeks to provide an understanding of the magnitude of environmental issues, a brief history of the EPA, discussion of environmental regulatory acts and enforcement, and reporting and disclosure requirements by the SEC and FASB.