One of the pivots in the Governance 2021 roadmap outlined by Charles H. is auditability. But the mechanisms to achieve this element are not well established. In the charitable giving world, monitoring and evaluation are the single function included in almost every funded program and project. However, traditional mechanisms to accomplish M&E are costly and not often very helpful, or effective. Our community should be asked to come up with innovative mechanisms that reduce the cost of M&E while increasing effectiveness. I would increase the budget for this Challenge

Auditors are an identifiable group making contributions to the Cardano ecosystem so the challenge aligns with the Cardano mission. To make the challenge excellent: better articulate how the challenge aligns with more than one of the Fund 8 Strategic Goals.

As the proposers highlight, it's becoming increasingly difficult for IOG to keep track of all funded proposals, and as we move towards full decentralized governance it will become the job of the community to audit proposals. As such i believe this challenge is critical to achieve Cardano's mission. The only criticism i have is that 200k seems a bit steep for such a challenge, given that the scope of the challenge is quite narrow. This fits within the 1st strategic goal of Fund8 - "Prepare a group of people willing and able to make contributions to the ecosystem."

There are a number of relevant and measurable metric proposed.

The success metrics are among the most broadly expressed as one could find. Creating space for approaches from the commercial, technical, socially responsible and charitable parts of the community.

The key metrics and success criteria are adequate although there should be a metric demonstrating the value of the auditing process itself instead of just number of audits and number of reports. To make the challenge excellent: better articulate how the metrics can measure progress towards the success criteria.