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"The audit of the Gold follows FASB Accounting standards" Audits of corporations, businesses, partnerships, sole proprietors, as well as some not for profits, are conducted according to Generally Accepted Auditing Standards.   The primary objective of an audit of a private entity is to ensure that its books and financial statements comply with Generally Accepted Accounting Principles (GAAP). Audits of government agencies, such as the United States Buillion Depository at Fort Knox, are conducted in accordance with Generally Accepted Governmental Auditing Standards.   The primary objective of an audit of a government agency is to ensure compliance with Statement of Federal Financial Accounting Standards (SFFAS) 34, Hierarchy of Generally Accepted Accounting Principles for Federal Entities, including the Application of Standards Issued by the Financial Accounting Standards Board.  According to an article in Wikipedia, which references Status Report of U.S. Treasury Owned Gold, .."the exact contents of the United States Bullion Depository are unknown as there has never been an approved full audit since the early 1930s."
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