Chain-of-Thought Oversight Requires Separate Evidence for Faithfulness and Monitorability

Abstract: A common assumption in chain-of-thought (CoT) oversight is that a visible reasoning trace makes model behavior easier to monitor. We argue that this assumption can conflate distinct properties along a chain linking a model's internal computation, reasoning artifacts, outputs, and monitor judgments. We identify four properties along this chain: reasoning visibility (whether a trace is accessible), mechanistic faithfulness (whether a trace reflects internal computation), mechanistic localizability (whether a compact causal mechanism can be isolated), and behavioral monitorability (whether a monitor can detect the target behavior). Two complementary case studies across three open-weight reasoning models show why these distinctions matter. In the security vulnerability reasoning study, probes and activation ablations provide evidence of internal representation and causal influence, but a monitor with access to the reference answer does not outperform the majority-class baseline in a held-out test. In authority-hint factual reasoning study, a monitor correctly distinguishes changed from unchanged answers, but seven mechanistic analyses do not isolate a compact causal mechanism. These results show that evidence for one claim does not establish the others. We therefore propose an evidential-chain reporting standard. Each claim carries a licensing statement that specifies its target property, access tier, and artifact, and labels each required link as supported, unsupported, or assumed. These assessments determine whether the conclusion is licensed, conditionally licensed, or not licensed.