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SecureWithUnsnarl: Top 10 Problems Faced by Independent Auditors in Web3


SecureWithUnsnarl: Top 10 Problems Faced by Independent Auditors in Web3

🚫 Traditional #auditing firms overshadow individual auditors.

💼 Limited recognition for auditors' skills & expertise.

🌱 Small auditing firms with 5 – 10 auditors lack visibility.

🏆 Difficulty competing with established brands & big firms.

💰 Limited demand for #auditing services due to perception of expense & unnecessary, leading to fewer job opportunities for auditors.

🤝 Lack of trust in individual auditors, while trusting established brands.

🔍 Multiple auditors assigned to a single budget leads to low fees.

💻 Difficulty in auditing early to medium-stage projects with low complexity, which may not have adequate funding for thorough audits.

💸 Difficulty in providing affordable auditing services while maintaining transparency & quality of work.

💼 Lack of funds for auditing, compared to #scaling, product development, & team building.

💸 Difficulty in mitigating financial losses for startups due to security breaches, especially if they cannot afford expensive auditing services.

📊 Lack of standardization & regulation in the auditing industry, leading to variable quality of audits and inconsistent pricing across firms.

submitted by /u/Y_K_C_ [comments]


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