This concise new publication examines three key standards relating to environmental liability issues:

E 2137 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters provides a guide for estimating costs and liabilities for environmental matters in the U.S.A. Many possible uses for estimates of costs and liabilities for environmental matters exist, including but not limited to business decision making, communications and negotiations involving change of property ownership, regulatory requirements, third-party lawsuits, insurance premium calculation and claim settlement, change of property use, revitalization, compliance planning, construction, analysis of remedial alternatives, budgeting, strategic planning, financing, and investment analysis by shareholders.

E 2173 Standard Guide for Disclosure of Environmental Liabilities explores a series of options or instructions to determine the conditions warranting disclosure and the content of appropriate disclosures accompanying audited and unaudited financial statements. This guide is intended to supplement and be consistent with Generally Accepted Accounting Principles (GAAP).

E 2107 Standard Practice for Environmental Regulatory Compliance Audits identifies the minimum requirements for environmental regulatory compliance audits. It also provides information on the terms and procedures associated with audits as practiced in the U.S.A. It provides a reference to which interested parties may refer for definition and description of accepted audit terms and procedures.

Audience: Environmental Consultants, Auditors, and Engineers.