Remediation Required:

A Brazilian listed entity, Company B, violated environmental regulations by seeping hazardous chemicals from its production plant into a nearby pond. As of 12/31/X1, government regulators are aware of the pollution and plan to take action against the company. Company B anticipates that this action will include fines, plus a requirement to remediate the pollution. What disclosure or accruals are required by Company B? How would this accounting differ if Company B were subject to U.S. GAAP?