Pollution Remediation Obligation (PRO) Validation
Key Benefits
- Compliance with US GAAP / GASB 49
- Third party validation of Pollution Remediation Obligations (PROs)
- Comprehensive repository for site-specific information, assumptions, and calculations
- Delivery of a PRO Validation Summary report including a site characterization, a description of key site-specific assumptions and exclusions, as well as the calculated liability forecasts
- Periodic reporting including updated PRO Forms
ERCI provides an independent review and assessment of the current pollution remediation obligations (PROs) including environmental reserves, watch list items, and comprehensive remediation spending. In the course of validating this information, ERCI conducts interviews with key site / portfolio stakeholders, including project managers, environmental division management, and any other relevant parties. ERCI uses its Defender environmental liability forecasting software to accurately price these liabilities.