Environmental
What is an environmental audit and how does it differ from a Phase I ESA?
AThey are the same thing
BAn environmental audit is a broader compliance review; a Phase I ESA specifically evaluates contamination risk for real estate due diligence✓ Correct
CA Phase I is more comprehensive than an audit
DAudits are required by law; Phase I is optional
Explanation
An environmental audit broadly reviews a facility's compliance with environmental regulations. A Phase I ESA is specifically designed for real estate transactions to identify recognized environmental conditions (contamination risk) as part of buyer due diligence.
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