Auditchain
  • Auditchain Protocol
    • Introduction
    • External Validation Core Contracts
    • Financial State Validation
    • Process Control NFTs
    • AUDT Token
    • Governance
    • Staking
    • Vesting Contracts
  • Luca Suite
    • Overview of Luca Suite
    • Getting Started
    • User Guide
    • API Documentaiton
      • API Documentation
  • Pacioli
    • Pacioli AI Logic and Rules Engine
  • Security Audit
    • Security Audits
  • Knowledge
    • Knowledge Base
    • References
    • Acknowledgements
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On this page
  • External Validation Contract
  • ISAE 3402 Standard
  • CEAOB Mandates
  • Examples of SEC EDGAR Knowledge Graphs - Proving Financial State

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  1. Auditchain Protocol

Financial State Validation

The Digital Audit Engagement Agreement.

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Last updated 1 year ago

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External Validation Contract

The ERC20 External Validation Contract "EVC" is designed to retain a cohort of validators for the purposes of financial state validation prior to publishing. It is also used for the validation of to assure that they comply with specified functional objectives before they are published and used.

The reporting entity or the creator of Process Control NFTs invite specific validators to the cohort. The validators accept the engagement and become members of the cohort.

All activity in the cohort is passed to the members in a highly encrypted environment.

ISAE 3402 Standard

The standard is set by the IAASB and covers controls that affect financial reporting at a service organization. The EVC is designed to comply with this standard during an audit engagement that is scoped to cover controls at a service organization.

CEAOB Mandates

The Committee of European Auditing Oversight Bodies "CEAOB" adopted in November of 2021 on the auditor's involvement on financial statements in the European Single Electronic Format "ESEF".

The requires auditors in the 27 member states of the EU to include the machine readable financial statement instance in the within the scope of an audit engagement agreement.

The EVC and the use by the auditor of the Pacioli Logic and reasoning engine is designed to fulfil the auditor's responsibilities to comply with this guidance when auditing financial statements of economic entities in the EU.

Examples of SEC EDGAR Knowledge Graphs - Proving Financial State

This is a link to a paper describing the attributes and functions of the composite of all financial reports filed with the Securities and Exchange Commission. We also cover functions relating to proof of financial state.

Process Control NFTs
ISAE 3402
guidance
CEAOB Guidance
ESEF format
1MB
SEC-EDGAR-Knowledge Graph.pdf
pdf