diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9243951..32f9b6f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,7 @@ Description of the upcoming release here.
 - [#17](https://github.com/FuelLabs/sway-standard-implementations/pull/17) Update Owned Proxy to support `forc`'s deploy proxy feature.
 - [#19](https://github.com/FuelLabs/sway-standard-implementations/pull/19) Adds CI checks for `forc` compiler warnings.
 - [#20](https://github.com/FuelLabs/sway-standard-implementations/pull/20) Update Owned Proxy usage docs.
+- [#26](https://github.com/FuelLabs/sway-standard-implementations/pull/26) Adds Owned Proxy's audit report.
 
 ### Changed
 
diff --git a/src14/owned_proxy/README.md b/src14/owned_proxy/README.md
index 5a5cb6c..6f250d2 100644
--- a/src14/owned_proxy/README.md
+++ b/src14/owned_proxy/README.md
@@ -15,3 +15,7 @@ The recommended way to utilize the [Owned Proxy Contract](./contract/src/main.sw
 ## Manual utility scripts
 
 This project does provide some [simple Rust scripts](./scripts/README.md) as examples for basic deployment and interaction functionality. However; this is NOT the recommended way of utilizing the [Owned Proxy Contract](./contract/src/main.sw).
+
+## Audits
+
+The [Owned Proxy Contract](./contract/) has been audited. See the audit reports [here](./audit_reports/).
diff --git a/src14/owned_proxy/audit_reports/fuel-sway-standard-audit-july24.pdf b/src14/owned_proxy/audit_reports/fuel-sway-standard-audit-july24.pdf
new file mode 100644
index 0000000..1042e79
Binary files /dev/null and b/src14/owned_proxy/audit_reports/fuel-sway-standard-audit-july24.pdf differ
diff --git a/src14/owned_proxy/contract/fuel-toolchain.toml b/src14/owned_proxy/contract/fuel-toolchain.toml
index e7cb45b..731e93c 100644
--- a/src14/owned_proxy/contract/fuel-toolchain.toml
+++ b/src14/owned_proxy/contract/fuel-toolchain.toml
@@ -1,6 +1,6 @@
 [toolchain]
-channel = "testnet-2024-09-06"
+channel = "mainnet"
 
 [components]
 forc = "0.63.5"
-fuel-core = "0.35.0"
+fuel-core = "0.40.0"
diff --git a/src14/owned_proxy/scripts/Cargo.toml b/src14/owned_proxy/scripts/Cargo.toml
index 100fc8b..69facfa 100644
--- a/src14/owned_proxy/scripts/Cargo.toml
+++ b/src14/owned_proxy/scripts/Cargo.toml
@@ -7,7 +7,7 @@ license = "Apache-2.0"
 
 [dependencies]
 clap = { version = "4.5.17", features = ["env", "derive"] }
-fuels = { version = "0.66.4" }
+fuels = { version = "0.66.9" }
 tokio = { version = "1.39.3", features = ["rt", "macros"] }
 
 [lib]
diff --git a/tests/Cargo.toml b/tests/Cargo.toml
index 0a6e79b..0114baf 100644
--- a/tests/Cargo.toml
+++ b/tests/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 
 [dependencies]
-fuels = { version = "0.66.4" }
+fuels = { version = "0.66.9" }
 tokio = { version = "1.39.3", features = ["rt", "macros"] }
 
 [[test]]
diff --git a/tests/fuel-toolchain.toml b/tests/fuel-toolchain.toml
index e7cb45b..731e93c 100644
--- a/tests/fuel-toolchain.toml
+++ b/tests/fuel-toolchain.toml
@@ -1,6 +1,6 @@
 [toolchain]
-channel = "testnet-2024-09-06"
+channel = "mainnet"
 
 [components]
 forc = "0.63.5"
-fuel-core = "0.35.0"
+fuel-core = "0.40.0"