What is a smart contract security audit?

A smart contract security audit is a process of checking and detailed analysis of smart contracts of a project to protect investments. The audit is widely used in the decentralized finance system. All transactions in the blockchain are irreversible, so in case of theft, the assets you cannot return your assets. Therefore, the project team orders an audit, during which auditors study the state of smart contracts, identify errors in their work, and provide a detailed report. Based on the report, the project founders make adjustments to ensure maximum safety and high performance of the project.