Smart contract auditing is the process of evaluating the code of a smart contract to identify and fix potential security vulnerabilities, logical errors, or bugs before the contract is deployed on the blockchain. The main goal is to ensure that the smart contract functions according to the desired specifications and is safe from attacks that could exploit the code.

Smart contract audits are conducted by a team of auditors or a specialized firm that has in-depth knowledge of blockchain programming and cybersecurity. These audits are especially important in the crypto world, as smart contracts often manage high-value digital assets, and any vulnerabilities could be exploited by hackers to steal funds or undermine the integrity of the system. The audit process typically includes manual and automated reviews of the code, as well as testing of various scenarios to verify that the contract will function correctly in different situations. The results of these audits are usually accompanied by a report detailing the findings, recommended fixes, and the level of risk found.