ur Independent Transaction Auditor regularly verifies the following key controls:
- Verification of all client cash deposits into the Client Cash Account and accurate posting to individual accounts.
- Verification of client withdrawals and purchases, ensuring proper authorization and posting.
- Reconciliation of transaction fees and administration fees, ensuring compliance with client agreements.
- Confirmation of the beginning and ending balances in the Client Cash Account.
- Verification that all client bullion transactions, including withdrawals and deposits, are accurately recorded in the vault and on the Precious Metals System.
These controls are reviewed quarterly, and the auditor provides a detailed report to our Board of Directors.
