Contaminated Sites - A Practical Approach to Section PS 3260
This publication provides guidance on how to account for and report a liability associated with the remediation of a contaminated site in accordance with Section PS 3260, Liability for Contaminated Sites.
The publication explains a three-step approach to apply this standard. The publication also includes a helpful checklist of items to consider at each step of the process. The three steps are:
Identification - Identify sites that are in the scope of the standard
Recognition - Determine if each site in scope meets all five of the recognition criteria
Measurement - Determine an appropriate estimate for the liability for each site that meets the criteria