Deloitte
Accounting Research Tool
...
Chapter 3 — Accounting for Environmental Obligations

3.3 Recognition of Environmental Remediation Liabilities

3.3 Recognition of Environmental Remediation Liabilities

Environmental remediation liabilities arise when a reporting entity is (or was) associated with a particular site at which remedial actions must take place. The recognition guidance in ASC 410-30-25-3 is generally consistent with CERCLA’s recognition of various types of PRPs, which is discussed in Section 2.3.7. As illustrated in the diagram below, ASC 410-30-25-3 acknowledges six types of involvement that a reporting entity may have with a site.