Maybe Smule doesn't want their code and IP floating around anywhere outside the company? Even if they trust the company doing the audit, can they trust all the employees of that company, and any future acquirers?
I'm not taking sides (because I don't know anything), but after reading this and Geoff Ralston's post, that's at least one good reason Smule wouldn't agree to the 3rd party audit that no one else has brought up.
Of course, I say this with a background in the quant hedge fund world and I doubt any decent fund would agree to voluntarily submit their most proprietary code to be reviewed by anyone.
I'm not taking sides (because I don't know anything), but after reading this and Geoff Ralston's post, that's at least one good reason Smule wouldn't agree to the 3rd party audit that no one else has brought up.
Of course, I say this with a background in the quant hedge fund world and I doubt any decent fund would agree to voluntarily submit their most proprietary code to be reviewed by anyone.