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Financial Management: Factors to Consider in Estimating Environmental Liabilities for Removing Hazardous Materials in Nuclear Submarines and Ships

AIMD-97-135R Published: Aug 07, 1997. Publicly Released: Aug 07, 1997.
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Highlights

Pursuant to a legislative requirement, GAO reviewed factors the Department of Defense (DOD) should consider in its efforts to meet the new Statements of Financial Accounting Standards (SFFAS) 6 requirement for reporting environmental liabilities for the cleanup of hazardous materials related to property, plant, and equipment, focusing on: (1) whether an estimate of the minimum environmental liability could be made; and (2) key factors DOD should consider as it develops its policy. This review of nuclear submarines and ships is one in a series of reviews GAO is conducting to address DOD environmental liabilities associated with various types of mission assets.

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Topics

Accounting proceduresCost analysisEnvironmental monitoringFederal agency accounting systemsFinancial statementsGovernment liability (legal)Hazardous substancesNuclear powered warshipsNuclear waste disposalLiability of environmental damages