A question on the upcoming code audit--what level of audit is this?
Just making sure it's all original (or open sourced) code and not illegitimately copied?
Verifying that it is what it says it is--no trojans, backdoors, etc?
A full mathematical proof of the coin functions such as anonymity?
All of the above?
The "audit" of the code will be the last step before open sourcing it. It will be for trusted members of the crypto community and anyone else that can do the job, to go over and see if they can find flaws. Hopefully, they will try to break things (and won't succeed) like a white hat. If it passes the mustard, then the code will be released.