AUDIT & REPORTING
Troy Ounce Metals® has established an industry-leading governance policy and audit trail to protect precious metals and other hard assets we buy and hold on behalf of our customers. All aspects of the Troy Ounce Holding® system has been designed to protect the security of physical hard assets. It is of crucial importance to our customers that they have 100% allocated ownership of their precious metals and that the physical hard assets they own are stored securely and insured.
The one-to-one ratio of gold and precious metal troy ounces in the vaults recorded in the Troy Ounce Holding® system is always maintained. To ensure this we have implemented four independent third party reports and audits that are publicly available at our website:
Vault Inventory Reports
Quarterly reports produced by the security vault operator detailing the number and weights of the gold, silver, platinum and palladium bars held in each of the vaults.
Inventory Audit Certificates
Quarterly reports published by Bureau Veritas®, an independent third party, which verifies the total number and weight accuracy of bars listed in the vault inventory reports.
Annual Control Reports
International Financial Reporting Standards ("IFRS") 3402 audit reports by Big 4 accounting firm Ernst & Young ("EY") that confirm that the amount of gold and other precious metals in the vaults is exactly equal to the precious metal recorded in the Troy Ounce Holdings® database, thereby ensuring their one-to-one ratio and our customer's ownership of the hard assets.
Daily Audit Report
Troy Ounce Metals® also posts a daily audit report on our website that states the total amount and value of our customers physical hard assets (coming soon).
Troy Ounce Metals® has established an industry-leading governance policy and audit trail to protect precious metals and other hard assets we buy and hold on behalf of our customers. All aspects of the Troy Ounce Holding® system has been designed to protect the security of physical hard assets. It is of crucial importance to our customers that they have 100% allocated ownership of their precious metals and that the physical hard assets they own are stored securely and insured.
The one-to-one ratio of gold and precious metal troy ounces in the vaults recorded in the Troy Ounce Holding® system is always maintained. To ensure this we have implemented four independent third party reports and audits that are publicly available at our website:
Vault Inventory Reports
Quarterly reports produced by the security vault operator detailing the number and weights of the gold, silver, platinum and palladium bars held in each of the vaults.
Inventory Audit Certificates
Quarterly reports published by Bureau Veritas®, an independent third party, which verifies the total number and weight accuracy of bars listed in the vault inventory reports.
Annual Control Reports
International Financial Reporting Standards ("IFRS") 3402 audit reports by Big 4 accounting firm Ernst & Young ("EY") that confirm that the amount of gold and other precious metals in the vaults is exactly equal to the precious metal recorded in the Troy Ounce Holdings® database, thereby ensuring their one-to-one ratio and our customer's ownership of the hard assets.
Daily Audit Report
Troy Ounce Metals® also posts a daily audit report on our website that states the total amount and value of our customers physical hard assets (coming soon).
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