University of Bristol – School of Accounting and Finance – The cost of clean-up: opening the black box of accounting for decommissioning liabilities

In his capacity as Chair of the ICAS Research Panel, Guy Jubb said the research team, led by Professor Giovanna Michelon, shone a light very specifically on accounting for the increasingly significant costs of decommissioning and clean-up operations in polluting industries. This is a complex aspect of accounting which is not generally well understood but as companies respond to environmental concerns it cannot be ignored.