Liability for Contaminated Sites (PS 3260)
The Liability for Contaminated Sites (PS 3260) section impacts every organization reporting under the Public Sector Accounting (PSA) standards, and the new standards take effect for all organizations with fiscal years beginning on or after April 1, 2014. Time is running out.
Public sector entities need to plan now for the introduction of PS 3260 and start to understand how the new standards will impact their reporting responsibilities. Failure to appropriately apply the standards could have negative financial, and potentially political and social ramifications.
Still not sure? Answer the key diagnostic questions below to determine your next steps.
If you would like a more detailed assessment, we’ve also created an online self-assessment tool which will to help you test your readiness to comply with PS 3260.
Watch our webcast replay to learn more on implementation matters and challenges one year later. Our presenters draw on our experience advising public sector clients.