Environmental Assessment

Environmental Assessment (EA)
Environmental Assessment (EA) is a critical process designed to analyze the ecological consequences of proposed land development activities, including factors such as endangered species, hazardous waste, and historical significance. The findings determine whether an Environmental Impact Statement (EIS) is warranted.
Site Assessment (Environmental)
An evaluation of a site, prior to acquisition of title to the property, for the existence of hazardous waste. This assessment is crucial under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), as amended by the Superfund Amendments and Reauthorization Act of 1986 (SARA).

Accounting Terms Lexicon

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