Risks of environmental auditing

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      <subfield code="a">Recently, numerous articles on environmental audits have been published, but few have discussed the consequences for all of the parties involved. Environmental consulting, once seen as a special industry rarely needed  or relied upon, is now growing rapidly worldwide. Increased demand for both voluntary and mandatory audits has added a new group of professionals to the environmental scene.Insurers and reinsurers who directly or indirectly write coverage for environmental hazards need to be aware of the answers to three important questions. First, whether environmental auditors, and the parties for whom they provide their services, are aware of their contractual obligations? Secondly, what are the potencial liabilities of the parties? Thirdly, how will law and insurance practices cope with the deficiencies in the work product of environmental auditors within a system which increasingly relies upon environmental audits?</subfield>
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