Section of Environment, Energy, and Resources
In-House Counsel Committee
Presents a "Quick Teleconference" program
FIN 47 and Environmental Accounting: What Environmental Lawyers Need to Know
Program Information
Tuesday, March 20, 2007
12:00 p.m. – 1:30 p.m. Eastern Time / 11:00 a.m. – 12:30 p.m. Central Time
10:00 a.m. – 11:30 a.m. Mountain Time / 9:00 a.m. – 10:30 a.m. Pacific Time
Program Overview:
Introduction to the new FASB accounting interpretation, Financial Interpretation Number 47 (FIN 47), for Asset Retirement Obligations and how this accounting interpretation impacts what companies must do to account for “contingent environmental retirement obligations” associated with owned assets (such as asbestos in buildings and contaminated equipment). The panel will address what in-house environmental, energy and resource lawyers and those outside counsel who work with in-house counsel need to know about FIN 47, and how it has been implemented in practice. The panel will discuss the corporate disclosure obligations associated with the accounting standard as well as what a company’s auditors are likely to demand.
Educational Objectives:
- Introduce attendees to the issues associated with FASB’s FIN 47.
- Nuts and bolts of FIN 47 implementation.
- Flaws and potential pitfalls of FIN 47.
Faculty:
Moderator:
Matthew O. Tanzer, Tyco International (US) Inc., Princeton, NJ
Panelists:
Gerard Caron, Cabot Corporation, Boston, MA
Laura L. Leonard, Sidley Austin LLP, Chicago, IL
Randall Sogoloff, Deloitte & Touche LLP, Wilton, CT
This program will not offer CLE credit.
Host Site Locations
Participation at the host site location is free of charge, however, reservations are required. Space is limited to 20 people.
Chicago, IL: Sidley Austin LLP
One South Dearborn
RSVP: Laura Leonard, (312) 853-7620 or lleonard@sidley.com
Los Angeles, CA: Latham & Watkins LLP
633 West Fifth Street, Suite 4000
RSVP: Gene Lucero, Gene.Lucero@lw.com
New York, NY: Latham & Watkins LLP
885 Third Avenue
RSVP: Gary Gengel, (973) 639-7287 or gary.gengel@lw.com
ConferTel Teleconference (Individual dial-in)
If you wish to participate by telephone please register online.
Online registration is encouraged for immediate confirmation and billing receipt. You may also complete this form and fax it to (760) 931-0079. Once your registration and payment have been processed, you will receive a confirmation with the toll-free telephone number and security PIN number.
The registration fee covers the cost of the phone connection; you are encouraged to have others listen to the program with you. Registration cannot be confirmed until ConferTel receives check or Purchase Order.
*The Section has secured ConferTel to provide conferencing services, including registration, conferencing and payment. Please make checks payable to ConferTel. Questions regarding the teleconference can be directed to ConferTel at (866) 930-4500.
Cancellation Policy:
Paid registrants who are unable to call in to the conference may request a refund less a $30 administrative fee. Substitutions are acceptable.
Late Registration Notice: Please register early, we cannot guarantee late registrations (day of event).
FIN 47 and Environmental Accounting Navigation
Questions?
Do you have a question that you would like the panel to address? Please email your question to Matt Tanzer at MTanzer@tyco.com by March 19, 2007 at noon Eastern Time and the panel will make every effort to address your inquiry. You will also have an opportunity to ask questions of the panel live at the conclusion of the program.
