Yes, ICO Development Company does have the capability to audit smart contracts, but this is subject to the provider.

Most companies either perform the audit internally or hire a third-party security company before releasing the smart contract. The audit process is done to check for potential weaknesses such as reentrancy attacks, overflow/underflow vulnerabilities, logic bugs, gas optimization issues, and backdoor functions. This is important because once a smart contract is released, it is difficult to modify.

However, I would always suggest checking if the audit is performed internally or by a third-party security company. Third-party audits are more credible.

Before signing a contract, it is important to request sample audit reports from previous projects to check their standards.