E50 Environmental Assessment, Risk Management and Corrective Action
Title: Workshop on Estimating and Disclosing Environmental Liabilities: Keeping Up-To-Date with Best Practices
Dates: Wednesday April 05 2017
Location: Sheraton Centre Toronto; Toronto, ON
Event Name: April 2017 Committee Week
Technical Chair Contact Information
About the Event
The Workshop on Estimating and Disclosing Environmental Liabilities: Keeping Up-To-Date with Best Practices will be held Wednesday, April 5, 2017 8:00AM-12:00PM. This workshop is sponsored by ASTM Committee E50 on Environmental Assessment, Risk Management and Corrective Action and will be held at the Sheraton Centre Toronto Hotel in Toronto, ON, Canada, in conjunction with the April standards development meetings of Committee E50.
Objective and Scope
Like pensions, environmental liabilities have been redefined by accountants and regulatory agencies over the past 20 years. However, most instructions are geared toward accountants checking the accuracy of the estimates and disclosures. Who is coaching the preparer?
This workshop will identify and explain updates to the following ASTM Standards:
- E2137: Estimating Monetary Costs and Liabilities for Environmental Matters
- E2173: Disclosure of Environmental Liabilities
- E2718: Financial Disclosures Attributed to Climate Change
TECHNICAL PROGRAM
The program will include four presentations on the context (real-world drivers creating urgency for change) and updates to each standard.
- Introduction – We will review examples of stranded environmental liabilities from the past fifteen years, from the automotive, coal mining, chemical, and oil sands industries. Liability estimates before and after bankruptcies will explain the value-at-risk. Accelerated changes to accounting principles (worldwide) will highlight how standards users are booking record high liabilities yet having trouble working them down.
- E2137 Update – E2137 revisions are based on the last 15 years of use of the standard, and include a more detailed listing of costs types to consider, issues when repurposing estimates, cautions regarding biases, updates to relevant resources, and examples of real-world documentation and reporting.
- E2173 Update –Revisions to E2173 address the significant changes in accounting principles and investor expectations worldwide. The expanded standard provides guidance to the estimate preparer and to the discloser. The standard now includes an enhanced framework for financial auditors and reporting entities to adjust tools, policies and procedures to improve capital stewardship and close out more liabilities with less spending.
- E2718 Update – Revisions to E2718 identify expanded resources and incorporate newer concepts such as stranded assets.
- Q&A/Discussion – Ongoing issues and best practices.
Registration Information
Online registration opens approximately 10 weeks before the workshop and closes March 29, 2017.
The fees to attend the workshop are in US Dollars and are listed below.All attendees, including presenters and ASTM members, are urged to register online for this event so that space requirements can be accommodated. All pre-registered attendees must check in at the ASTM registration desk upon arrival at workshop. If you do not register online by the closing date, then you must register on-site at the ASTM registration desk prior to attending the workshop.
Students – A student's fee is waived, provided that he/she is a full-time student and is not employed full time. After registering online, the student must check in at the ASTM Registration Desk on site and present his/her student ID.
CancellationsA refund of the workshop fee will be honored only if requested at least 10 business days prior to the workshop. To cancel your registration and request a refund, please contact Kelly Dennison at symposia@astm.org or 610-832-9568.
If you have questions concerning online registration, please contact Kelly Dennison, Symposia Manager in Symposia Operations at symposia@astm.org , Tel: 610-832-9568, or ASTM Technical Support at support@astm.org or 1-877-909-2786 (US & Canada) or +1-610-832-9585 (international).
| Online | On Site | |
|---|---|---|
| ASTM Member Fee | Waived | Waived |
| Non-Member Fee | 50.00 | 75.00 |
| Presenter Fee | Waived | Waived |
| Student Fee | Waived | Waived |
Continuing Education Units
Workshop attendees interested in receiving 0.35 Continuing Education Units (CEUs) should complete a CEU application form at the adjournment of the workshop, and then submit it to the ASTM staff member on site. A certificate will be sent to the attendee approximately 4 to 6 weeks after the workshop.
Technical Chair Contact Information
Additional information about the workshop is available from the presenters:
- John Rosengard, ERCI, john@erci.com, 510-548-5570, web bio
- Gayle Koch, Axlor Consulting LLC, gkoch@axlorllc.com, 617-674-7612, web bio
- Scott Shock, Exponent, ssshock@exponent.com, 425-519-8722, web bio
Hotel Information
ASTM APRIL 2017 COMMITTEE WEEK RESERVATION LINK SHERATON CENTRE TORONTO, April 2-7, 2017 CURRENCY EXCHANGE INFORMATION
Please note that when booking your room for April Committee Week in Toronto, the ASTM rate is confirmed at $238 in Canadian Dollars for traditional rooms, which equals to approximately $178 in US Dollars. There will be a slight variance to the actual amount charged on credit card statements due to the daily exchange rate fluctuations according to your local bank or Credit Card Company.
ASTM April 2017 Committee Week Reservation Link: www.starwoodmeeting.com/Book/AST417
Standards Development Meetings
Meeting schedules of Committee E50 are posted on the ASTM web site at http://www.astm.org/COMMIT/COMMITTEE/E50.htm or contact the ASTM staff manager, Kate Chalfin at kchalfin@astm.org or tel: 610-832-9717.
Future Meeting Dates
Committee E50 invites you to attend their future standards development meetings. There is no fee to attend these meetings, and membership in ASTM International is not required. For more information, visit the web page listed immediately above, and click on "Future Meetings".