Zahab bits are audited once a month by an independent auditing company.
The audit covers (and not limited to) the following :-
– Verify the stock levels of gold agree with the accounting records of Zahab bits sold.
– Verify the accounting records agree with the relevant source documents, ensuring that the accounting records are accurate and that all transactions have been accounted for.
– Verify that internal control measurements have been set in place, ensuring that assessed risks are minimalised to an acceptable level.
– Verify that all the membership / registration with all relevant authorities in good standing.