Environmental and Disposal Liabilities

For questions about this project, email EDL@fasab.gov.

Project Objective

The objective of this project is to reexamine the current environmental and disposal liabilities (E&DL) pronouncements as part of the reexamination of existing standards project. This includes a review of SFFAS 5, Accounting for Liabilities of the Federal Government, and chapter 4, Cleanup Costs, from SFFAS 6, Accounting for Property, Plant, and Equipment.

As a part of the research phase, the Board will consider stakeholder concerns, including responses from the Invitation to Comment (ITC), such as determining if additional guidance is needed for reasonable estimates, clarifying the use of contingencies in E&DL estimates, and including additional examples and definitions as needed.

As part of FASAB’s overall reexamination of existing standards project, the Board is considering ways to improve, clarify, and streamline federal generally accepted accounting principles (GAAP) for E&DL.

History of Board Deliberations