Definition ∞ Audited Reports are official documents whose contents have been independently verified for accuracy and adherence to standards. These reports provide an impartial assessment of financial statements, operational procedures, or smart contract code, conducted by external experts. The audit process aims to confirm data integrity, system security, and compliance with stated policies or regulatory requirements. Such verification builds confidence among stakeholders and the wider market.
Context ∞ In the digital asset space, audited reports are increasingly sought to validate the reserves of stablecoins and the security of smart contracts, addressing concerns about transparency and risk. The absence or inadequacy of such reports often leads to market skepticism and regulatory scrutiny. Public discourse often addresses the methodologies and independence of auditing firms in this nascent industry.
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