An Auditor’s Perspective of Environmental Liabilities

July 18, 2019
11:30 AM to 1:00 PM
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Brownstein Hyatt Farber Schreck
410 17th Street Suite 2200
Denver, CO 80202
https://www.bhfs.com/offices/Denver
https://www.bhfs.com/offices/Denver
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An Auditor’s Perspective of Environmental Liabilities

Has your organization, client or regulator asked you to estimate the costs for remediating contaminated sites?  If the answer is yes, there’s a good chance that the estimates you develop will be used as the basis for an entity’s financial reporting of environmental liabilities.  Financial statements must be audited annually by an independent accounting firm, so what exactly does an accounting firm look for when they audit cost estimates for environmental cleanups?  The answer may surprise you – it’s not just about the numbers.  Auditors look at environmental liabilities from various angles including the completeness of the universe of contaminated sites, the reasonableness of the assumed scope of work, the basis for the prices in the estimates, and the qualifications and experience of the estimators, to name a few.  If you’d like to learn more about how accounting firms evaluate cost estimates for environmental remediation, please join us for this informative session.

 

About the Speaker

John Claypool is an environmental specialist with a Big 4 accounting firm in Denver.  In this unusual role for an environmental professional, John supports audits of financial statements for chemical, manufacturing, energy, retail, and government entities.  Prior to entering the accounting world, John was an environmental consultant for over 35 years where his experience included all lifecycle stages of contaminated site management.  John specialized in assisting clients with developing cost estimates and financial models of their environmental cleanup liabilities throughout the U.S. and internationally. 

Tickets

$15.00 Member

$25.00 Non-Member