Seminar: Disclosure of Environmental Liabilities; FAS 143/FIN 47; Complying with the New Interpretation

Environmental Resources Management, Inc. and Drinker Biddle co-sponsored a seminar to review and discuss the impacts of Financial Interpretation No. 47 (FIN 47), a new interpretation of FAS 143, Accounting for Asset Retirement Obligations, by the Federal Accounting Standards Board (FASB) on April 6, 2006 in Philadelphia, PA.  This new interpretation clarifies the term Conditional Asset Retirement Obligation (CARO) and requires a substantial change in how companies disclose financial obligations associated with environmental risks and liabilities.