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ASTM E 3123 : 2018

Superseded

Superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

View Superseded by

Standard Guide for Recognition and Derecognition of Environmental Liabilities

Available format(s)

Hardcopy , PDF

Superseded date

26-04-2024

Language(s)

English

Published date

30-03-2018

Committee
E 50
DocumentType
Guide
Pages
26
PublisherName
American Society for Testing and Materials
Status
Superseded
SupersededBy
Supersedes

1.1Purpose—The purpose of this guide is to provide a series of options or instructions consistent with good commercial and customary practice for recognition and derecognition of environmental liabilities. This guide is consistent with Generally Accepted Accounting Principles (GAAP). Recognition of environmental liabilities is essential to determining the current book value of an entity. An entity may have future spending to extinguish risk and liabilities triggered in the past. Serious consequences, ranging from failed audits and poor capital stewardship to financial fraud and bankruptcy, exist for entities omitting material information from financial statements.

1.2Objective—This guide enables users to reliably determine if a given type of environmental liability exists and subsequently has been settled, consistent with the accounting definitions in place.

1.3This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

ASTM E 3358 : 2023 : REV A Standard Guide for Per- and Polyfluoroalkyl Substances Site Screening and Initial Characterization
ASTM E 3210 : 2020 Standard Practice for Infrastructure Management
ASTM E 1903 : 2019 Standard Practice for Environmental Site Assessments: Phase II Environmental Site Assessment Process
ASTM E 3377 : 2024 Standard Guide for Environmental, Social, and Governance (ESG) Disclosure Related to Climate and Community
ASTM E 3228 : 2019 Standard Guide for Environmental Knowledge Management
ASTM E 2107 : 2020 Standard Practice for Environmental Regulatory Compliance Audits

ASTM E 2173 : 2007 Standard Guide for Disclosure of Environmental Liabilities
ASTM E 2137 : 2017 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
ASTM E 2173 : 2001 Standard Guide for Disclosure of Environmental Liabilities
ASTM E 2173 : 2007 : R2011 Standard Guide for Disclosure of Environmental Liabilities
ASTM E 2137 : 2022 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
ASTM E 2173 : 2022 Standard Guide for Disclosure of Environmental Liabilities
ASTM E 2137 : 2006 : R2011 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
ASTM E 3033 : 2016 Standard Guide for Beneficial Use of Landfills and Chemically Impacted Sites
ASTM E 2137 : 2001 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters
ASTM E 2173 : 2016 Standard Guide for Disclosure of Environmental Liabilities
ASTM E 2137 : 2006 Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters

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