Need help? Chat now
Cart (0)
Search book title
Enter keywords for book title search
Search book content
Enter keywords for book content search
Filters:
FORMAT
BOOKS
PACKAGES
EDITION
to
PUBLISHER
(381)
(41)
(138)
(750)
(498)
(1233)
(71735)
(380)
(76)
(15)
(29)
(1)
(31)
(245)
(179)
(3472)
(115)
(13)
(1331)
(46)
(11)
(27)
(4)
 
(6)
(7)
(76)
(3)
(39)
(3)
(2)
(21)
(18)
(27)
(10)
(44)
(20)
(14)
(4)
(8)
(7)
(1)
(3)
(30)
(4)
(17)
CONTENT TYPE
 Act
 Admin Code
 Announcements
 Bill
 Book
 CADD File
 CAN
 Charter
 Checklist
 City Code
 Code
 Commentary
 Comprehensive Plan
 Conference Paper
 County Code
 Course
 Course & CEU
 DHS Documents
 Document
 Errata
 Executive Regulation
 Federal Guideline
 Firm Content
 Guideline
 Handbook
 Interpretation
 Journal
 Land Use and Development
 Law
 Legislative Rule
 Local Amendment
 Local Code
 Local Document
 Local Regulation
 Local Standards
 Manual
 Model Code
 Model Standard
 Notice
 Ordinance
 Other
 Paperback
 PASS
 PIN
 Plan
 Policy
 Product
 Program
 Provisions
 Requirements
 Revisions
 Rules & Regulations
 Standards
 State Amendment
 State Code
 State Manual
 State Plan
 State Standards
 Statute
 Study Guide
 Supplement
 Technical Bulletin
 All
  • ASTM
    E2718-10 Standard Guide for Financial Disclosures Attributed to Climate Change
    Edition: 2010
    $50.00
    Unlimited Users - 1 Loc per year

Description of ASTM-E2718 2010

ASTM E2718 - 10

Standard Guide for Financial Disclosures Attributed to Climate Change

Active Standard ASTM E2718 | Developed by Subcommittee: E50.05

Book of Standards Volume: 11.05




ASTM E2718

Significance and Use

Uses This guide is intended for use on a voluntary basis by a reporting entity that provides disclosure in its financial statements regarding financial impacts attributed to climate change . The degree and type of disclosure depends on the scope and objective of the financial statements. This guide is intended to apply to U.S. and international operations at the discretion of the reporting entity. The user should be aware that there may be contractual obligations, court decisions, or regulatory directives that may affect the flexibility in use of this guide. The user should also maintain an awareness of international regulations that may be relevant to disclosures, such as those of the International Accounting Standards Board and International Financial Reporting Standards.

Principle :

The following principles are an integral part of this guide and are intended to be referred to in resolving any ambiguity or dispute regarding the interpretation of financial disclosures regarding financial impacts attributed to climate change .

Uncertainty Not Eliminated Although a reporting entity , as of the time when its financial statements are prepared, may have evaluated the existence and extent of financial impacts attributed to climate change, there remains uncertainty with regard to the final resolution of factual, scientific, technological, regulatory, legislative, and judicial matters, which could affect its financial impacts attributed to climate change. These uncertainties cannot be eliminated. While this standard recommends the development of reasonable scenarios or ranges to recognize and address uncertainties, it is unlikely that all climate change uncertainties will be foreseeable. However, it is likely that some financial impacts attributed to climate change are foreseeable and that alternatives, boundaries, or ranges of potential impacts can be assessed and quantified.

Comparison with Subsequent Disclosures Subsequent disclosures that convey different information regarding the extent or magnitude of the reporting entity's financial impacts attributed to climate change should not be construed as indicating the initial disclosures were inappropriate. Disclosures shall be evaluated on the reasonableness of judgments and inquiries made at the time and under the circumstances in which they were made. Subsequent disclosures should not be considered valid standards to judge the appropriateness of any prior disclosure based on hindsight, new information, use of developing analytical techniques, or other factors. However, information on trends between disclosure years may be of value to a user of financial statements.

Not Exhaustive Appropriate disclosure does not necessarily mean an exhaustive disclosure. There is a point at which the cost of obtaining information or the time required to gather it outweighs the usefulness of the information and, in fact, may be a material detriment to the orderly preparation of financial statements and the ability of readers to understand the information contained therein. However, all relevant and reasonably ascertainable information should be used to determine the content of appropriate financial impacts attributed to climate change .

1. Scope

1.1 Purpose The purpose of this guide is to provide a series of options or instructions consistent with good commercial and customary practice for climate change -related disclosures accompanying audited and unaudited financial statements. This guide encourages consistent and comprehensive disclosure of financial impacts attributed to climate change .

1.2 Objective The objective of this guide is to determine the conditions warranting disclosure and the content of appropriate disclosure.


2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.

ASTM Standards

E2137 Guide for Estimating Monetary Costs and Liabilities for Environmental Matters

E2173 Guide for Disclosure of Environmental Liabilities


Keywords

climate change; disclosure; financial statement; green house gases; reporting entity;


ICS Code

ICS Number Code 03.060 (Finances. Banking. Monetary systems. Insurance)


DOI: 10.1520/E2718-10

ASTM International is a member of CrossRef.

ASTM E2718

The following editions for this book are also available...

This book also exists in the following packages...

Year Publisher Title Annual Price
VAR
ASTM
[+] $734.00 Buy
VAR
ASTM
[+] $4,932.00 Buy

Subscription Information

MADCAD.com ASTM Standards subscriptions are annual and access is unlimited concurrency based (number of people that can access the subscription at any given time) from single office location. For pricing on multiple office location ASTM Standards Subscriptions, please contact us at info@madcad.com or +1 800.798.9296.

 

Some features of MADCAD.com ASTM Standards Subscriptions are:

- Online access: With MADCAD.com’ s web based subscription service no downloads or installations are required. Access ASTM Standards from any browser on your computer, tablet or smart phone.

- Immediate Access: As soon as the transaction is completed, your ASTM Standards Subscription will be ready for access.

 

For any further information on MADCAD.com ASTM Standards Subscriptions, please contact us at info@madcad.com or +1 800.798.9296.

 

About ASTM

ASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of international voluntary consensus standards. Today, some 12,000 ASTM standards are used around the world to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. ASTM’s leadership in international standards development is driven by the contributions of its members: more than 30,000 of the world’s top technical experts and business professionals representing 150 countries. Working in an open and transparent process and using ASTM’s advanced electronic infrastructure, ASTM members deliver the test methods, specifications, guides, and practices that support industries and governments worldwide.