From the very beginning Xaurum team is dedicated to transparency of its business operation. Therefore we are proud to announce that we took our dedication to the next level: Xaurum has become the first third party audited gold based token that has publicly revealed independent auditor’s report.

Xaurum gold reserves.

Xaurum gold reserves are stored and secured by Loomis International, the company which operates in 20 countries all over the World. It was very important to us to raise the transparency to even higher level, that is why we invited third party to audit golden reserves of the Xaurum project. We chose a reputable international company PricewaterhouseCoopers, dedicated to building trust in society and solving important problems. With offices in 158 countries and more than 236,000 people, they are among the leading professional services networks in the world. PwC is the second largest professional services firm in the world, and is one of the Big Four auditors, along with Deloitte, EY and KPMG.

Auresco Institute as the entity behind Xaurum project prepared its financial statements in accordance with the Slovenian tax and accounting policy. Part of these financial statements — inventory — was audited by PwC. Management of Institute Auresco prepared the Schedule of Gold Inventory, which was subject of audit by PwC. Inventory line item in financial statements consists solely of gold bars (gold reserves). During the process, Auresco Institute enabled access to all documents connected with its operation.

Auditors counted all of Xaurum gold reserves in Turkey and Slovenia in total amount of 129,119 kg as part of their audit of gold reserves (inventory). They have also inspected relevant documentation related to purchasing of gold reserves.

You can find link to the auditor’s opinion together with the Gold Inventory Schedule here (English version) or here (Slovenian version).