> For the complete documentation index, see [llms.txt](https://wp.isc.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wp.isc.money/how-isc-works/the-isc-reserves/oversight.md). # Oversight ### ISC Reserves Audit {% code overflow="wrap" %} ``` ❗ The specific details of this auditing scheme are under consideration and are subject to significant changes. ``` {% endcode %} In the wake of FTX, we are acutely aware of the importance of guaranteeing the existence and safety of ISC Reserves’ funds. To address this concern, we commit to regular independent audits of the ISC Reserves. The selection and election of the auditor will be carried out through our own DAO model, where the final say is democratically held by the DAO. The auditor will have the authority to review the assets held by each ISC Reserve and is responsible for presenting a report to the community detailing their findings. While some information must remain confidential, we fully anticipate (and encourage) the auditor to disclose the most critical piece of information: the status of ISC Reserves’ funds. All ISC Reserves must consent to quarterly audits conducted by the auditor. #### Election Mechanics Audits for each ISC Reserve occur on a quarterly basis, with elections for the ISC Auditor taking place prior to each audit round. The auditor could be the same one who conducted the previous round of audits, or an entirely new auditor may take on the role. ### Recalling ISC Loans The ISC Issuer has oversight over the ISC Reserves through the terms of the ISC loan agreement, which allows it to monitor and audit the operations of the ISC Reserves directly. The ISC Issuer and the community, has the authority to recall ISC loans from ISC Reserves at any given time, for any reason --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://wp.isc.money/how-isc-works/the-isc-reserves/oversight.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.