Measured Steps

• Preparation of Benchmark Report on company's current disclosure status
• Independent inventory of liabilities that company should be considering in disclosure
• Review of cost estimation methods currently used by company, e.g., in loss contingencies and asset retirement obligations
• Gaps and needs analysis for improving confidence in disclosure
  
  [See the February 12-14, 2008 posts in the Knowing Disclosure blog for "expanded disclosure" requirements under FAS 157.]
• Evaluation of current disclosure against environmental mission statements, policy, and objectives of the company
• Comparison of nature and extent of disclosure against competing and similar companies
• Assessment of company's environmental disclosure controls and procedures
• Evaluation of the quality of information used in disclosure decision-making and its potential effect on disclosure quality
• Assessment of materiality criteria currently applied by company in disclosure decision-making