As I explained to you earlier, you can do exactly the same type of audit. Every single transaction except coinbases have inputs exactly equal to outputs (if fees are included in outputs), and that is entirely visible. Coinbases can be verified to match the published reward schedule in every instance starting from block 0 all he way to block infinity (unlike Dash, BTW), again all visible. Thus you can be assured that coins are not and never have been created out of thin air.
You further need to verify that transactions have valid signatures (for which all the necessary inputs are, again, visible), which is finally exactly the same thing you need to do (but with slightly different mathematical equations) with every other cryptocurrency.
You further need to verify that transactions have valid signatures (for which all the necessary inputs are, again, visible), which is finally exactly the same thing you need to do (but with slightly different mathematical equations) with every other cryptocurrency.
This is just technological B.S. that nobody monetary user is interested in or needs to know. It is not a financial audit.
I already described what an "audit is" and it is not something that cryptonote supports because the relevant information is obscured. The originating address is obscured, the destination addresses are obscured, even the balance itself is obscured - that is the whole *point* of the cryptonote technology which is why I say it's relevant for bookkeeping or record keeping of a trusted party-backed currency but not for defining a new form of base money.
http://dilbert.com/series/66
trying to finish his product while you are trying to drag him out