Understanding of a firm's actual and contingent liabilities associated with impaired assets that have the potential for creating operational, regulatory, and/or third party liabilities is crucial to the assessment of the total risk that an acquiring, divesting, or merging entity may assume.

The underlying cause of a potential environmental remediation liability is directly related to the past or present ownership or operation of a site where some form of remedial actions must take place. In addition, a liability may also stem from the contribution or transportation of waste to a site. The recognition of such a liability may have a material impact on financial disclosure statements.

ARCADIS recognizes that such determinable costs and estimable liability occurs over a continuum of events and activities that frame, define, and verify the liability. Such liabilities may also affect corporate disclosure statements, Security and Exchange (SEC) filings, and accrual of the liabilities. Our personnel understand the guidelines established by the American Institute of Certified Public Accountants, Environmental Remediation Liabilities Statement Position 96-1 and we will ensure that they are met.