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Topic

auditing

A collection of 4 issues

Going Concern: Definition, Importance, and Audit Implications

Understanding the Going Concern Principle The going concern principle underpins modern financial reporting. It assumes that a business will continue operating for the foreseeable future, generally at least twelve months after the balance-sheet date. When this assumption holds, assets and liabilities are valued on a normal, non-liquidation basis, allowing investors

Proof-of-Reserves Auditing for Crypto Exchanges: Merkle Tree Verification, Liability Attestations, and Investor Safety Standards

Introduction The collapse of several high-profile crypto platforms in recent years has turned the phrase “not your keys, not your coins” into a rallying cry. As users demand stronger guarantees that exchanges actually hold the assets they claim, Proof-of-Reserves (PoR) auditing has emerged as a critical transparency mechanism. By combining

Smart Contract Security Blueprint: Audit Methodologies, Vulnerability Mitigation, and Incident Response Best Practices

Introduction Smart contracts power decentralized finance (DeFi), non-fungible tokens (NFTs), and a growing array of Web3 applications. Their self-executing nature removes intermediaries but also makes bugs immutable once deployed. A single vulnerability can lock funds forever or allow malicious actors to siphon millions in seconds. Therefore, building a rigorous security

Smart Contract Security Blueprint: Audit Standards, Vulnerability Taxonomy, and Prevention Tactics for Resilient Blockchain Applications

Introduction: Why a Security Blueprint is Essential Smart contracts power decentralized finance (DeFi), non-fungible tokens (NFTs), supply-chain tracking, and countless other blockchain applications. Yet a single vulnerability can freeze millions of dollars or permanently lock digital assets. A structured security blueprint—covering audit standards, vulnerability taxonomy, and prevention tactics—helps