Blockchain Auditing Standards

1 min read

Pronunciation

[blok-cheyn aw-di-ting stan-derdz]

Analogy

Like building codes that ensure structural safety and quality in construction.

Definition

Formalized frameworks and best practices for assessing the security, correctness, and compliance of systems and smart contracts.

Key Points Intro

Auditing standards define scope, methodology, and reporting for security reviews.

Key Points

Scope definition: On-chain code, off-chain integrations, and governance processes.

Methodology: Combines manual review, automated analysis, and formal verification.

Reporting: Standardized severity ratings (e.g., CVSS) and remediation guidance.

Compliance: Aligns with ISO/IEC 27001, SOC 2, and industry‑specific regulations.

Example

A audit follows ISO/IEC 19086 guidelines, issues an executive summary, detailed findings, and a CVSS‑scored vulnerability matrix.

Technical Deep Dive

Standards prescribe use of (Slither), (MythX), fuzzing (Echidna), and formal methods (Coq, Isabelle). They require test coverage thresholds, code style checks, and multi‑party peer reviews. Deliverables include threat models, sequence diagrams, and remediation roadmaps.

Security Warning

Relying solely on checklists can miss complex logic flaws; combine standards with bespoke threat modelling.

Caveat

Standards evolve rapidly; auditors must stay current with both specifications and emerging attack vectors.

Related Terms

Smart Contract Audit

Blockchain & Cryptocurrency Glossary

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