In this sense, they're valuable. As someone working in software, I can figure out if the bugs were subtle or blatant, which is often a good proxy metric for the competence of the team behind the product. Are the same bugs cropping up year after year, even if they've already been previously fixed in other parts of the code? Again, a good red flag to use there.
Audits do not and often cannot cover things like "is the company reselling connection/user metadata to other companies," though, and in most cases consumers will care that there is an audit rather than caring what's in the audit.
