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Periodic, Cyclical Inventory.pdf

US-Mint-Fort-Knox-gold-audit-report-1975-1974-audit.pdf

🔗 Source: static.bullionstar.com

📊 Size: 501 KB

📄 Pages: 10 pages

⬇️ Downloads: 117

Summary

The US Treasury Department's gold bullion reserves, valued at $11.3 billion, are stored in five depositories across the US. The gold is valued at the official US government price of $42.222 per fine troy ounce, whereas the commercial market price was $180.55 on January 14, 1975. An audit of the gold reserves found that the Bureau of the Mint's controls over gold were adequate, but could be improved at one depository. The audit recommended a cyclical inventory of gold holdings at each depository, which the Director of the Mint agreed to implement. The last inventory of the Treasury's gold reserves was taken in 1953, and the recent audit found that the gold stored at the Fort Knox depository agreed with the records of that depository.

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Description

The US Treasury Department's gold bullion reserves, valued at $11.3 billion, are stored in five depositories across the US.

Technical Information

File Format: PDF
File Size: 501 KB
Pages: 10
Language: EN
Total Downloads: 117
Last Updated: 1 month ago

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This PDF document about periodic, cyclical inventory provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into periodic, cyclical inventory.