|
On the Cutting Edge: An Insider's Perspective Public Companies Urged to Evaluate Timing, Adequacy of Disclosures
Environmental Due Diligence Report
November 18, 2004
A news story discussing the need of requiring public reporting companies to evaluate the timing and adequacy of their environmental disclosures. Abbi explained that there has been increased attention on the issue of disclosure over the past few years, and with the passage of the Sarbanes-Oxley Act of 2002, many companies are evaluating whether they are in compliance with the SEC's disclosure requirements. Abbi predicts public pressure regarding environmental disclosure will continue and urges companies to pay particular attention to environmental liabilities. With increased, steady scrutiny, companies may need to provide greater justifications for reaching the conclusions they draw regarding disclosures. "Although the responses from the SEC and Government Accountability Office (GAO) have not been well-framed, litigation [regarding insufficient environmental disclosure] is inevitable," Cohen said.
|
