# USDM Reserves - Attestations

Mountain Protocol engages with UK accountants working at [Nephos Group](https://nephosgroup.co/). Reports are signed by ATA registered accountants, license: [here](https://www.aat.org.uk/find-an-accountant-or-bookkeeper/results?size=25\&from=0\&fullName=Joseph%20David).

As part of our commitment to enhanced transparency, two different attestations are issued for each month:

* **Attestation report**: attests to USDM Reserves balance, USDM issuance and USDM being fully collateralized at a point in time.
* **USDM Reserves full transactional verification**: attests that all transactions involving USDM Reserves were done in line with policies and regulations (will be added soon)

Given that the "Full transactional verification" requires a full reconciliation of the month, this report is released later than the "Attestation" report.

All attestations can be independently verified in the [Nephos website](https://www.nephosgroup.co/reports/mountain-protocol).

NOTE: USDM Reserve attestations are Accountant Reports and not audits, in line with industry standard and to ensure timely availability of information. Mountain Protocol has yearly financial audits  that review USDM Reserves as part of the process.

<table><thead><tr><th width="287">Month closed</th><th width="342.3333333333333">Attestation report</th><th data-hidden>Full month view</th></tr></thead><tbody><tr><td>Sep 2023</td><td><a href="https://drive.google.com/file/d/1aemFYHTNBQGWlG_XcK67G-wkOQpfRL0e/view?usp=sharing">Attestation Sept 2023</a></td><td>To be released soon</td></tr><tr><td>Oct 2023</td><td><a href="https://drive.google.com/file/d/1YJu7Jl5XWQmJOn5NlL3G3S0Eg8BCHHWC/view?usp=drive_link">Attestation Oct 2023</a></td><td></td></tr><tr><td>Nov 2023</td><td><a href="https://drive.google.com/file/d/1RnQmnuZ3ddXMryEg3MuzTTr_ok4Sbw1C/view?usp=drive_link">Attestation Nov 2023</a></td><td></td></tr><tr><td>Dec 2023</td><td><a href="https://drive.google.com/file/d/1APBB4vD38ShE8z-7-x4HexnhnxDSHL6u/view?usp=drive_link">Attestation Dec 2023</a></td><td></td></tr><tr><td>Jan 2024</td><td><a href="https://drive.google.com/file/d/1mu7AVRQXrQQ7gZUDiiPLLaE-fV5SSTZ-/view?usp=drive_link">Attestation Jan 2024</a></td><td></td></tr><tr><td>Feb 2024</td><td><a href="https://drive.google.com/file/d/1txNvASk5_lI1_xWZH4OmUn7QLHozH61Z/view?usp=drive_link">Attestation Feb 2024</a></td><td></td></tr><tr><td>Mar 2024</td><td><a href="https://drive.google.com/file/d/19mIy4o9njwfHonZCmRt_UGNjwY76iuqd/view?usp=sharing">Attestation Mar 2024</a></td><td></td></tr><tr><td>Apr 2024</td><td><a href="https://drive.google.com/file/d/1nybZbLIiK3iBKhorQmOZpTB1qS0ez6L0/view?usp=sharing">Attestation Apr 2024</a></td><td></td></tr><tr><td>May 2024</td><td><a href="https://drive.google.com/file/d/1AfnHNrgw5y4eeHuBXi4-3MTPtHdVFBsz/view?usp=sharing">Attestation May 2024</a></td><td></td></tr><tr><td>June 2024</td><td><a href="https://drive.google.com/file/d/1BYda9ET2HyLiaEDkqvLuEfsecI6QXCP0/view?usp=sharing">Attestation </a><a href="https://drive.google.com/file/d/1BYda9ET2HyLiaEDkqvLuEfsecI6QXCP0/view?usp=sharing">Jun 2024</a></td><td></td></tr><tr><td>July 2024</td><td><a href="https://drive.google.com/file/d/1qJxrR0bpteKmqS0mv5OHOAWME2gIjwIc/view?usp=sharing">Attestation July 2024</a></td><td></td></tr><tr><td>Aug 2024</td><td><a href="https://drive.google.com/file/d/1mTobMUYiasFZw6bf-uhvPfzD_Ewa2c9Y/view?usp=sharing">Attestation Aug 2024</a></td><td></td></tr><tr><td>Sep 2024</td><td><a href="https://drive.google.com/file/d/1e1hgUcFmlpMToCaRSgRuFTzTZASrL1lG/view?usp=sharing">Attestation Sep 2024</a></td><td></td></tr><tr><td>Oct 2024</td><td><a href="https://drive.google.com/file/d/1-s_QKnDCfSMbjNRboMwjKocgWV0vmKKt/view?usp=sharing">Attestation Oct 2024</a></td><td></td></tr><tr><td>Nov 2024</td><td><a href="https://drive.google.com/file/d/17e06tr4YtLujuStWqX3fUiL4DbklLa-x/view?usp=sharing">Attestation Nov 2024</a></td><td></td></tr><tr><td>Dec 2024</td><td><a href="https://drive.google.com/file/d/1bscuDIOBbxrMejS-89A7FC3yw4ltndk9/view?usp=sharing">Attestation Dec 2024</a></td><td></td></tr><tr><td>Jan 2025</td><td><a href="https://drive.google.com/file/d/1OkZzMm-Prj6xgt8jbwOKVlXiT6iW7c9R/view?usp=sharing">Attestation Jan 2025</a></td><td></td></tr><tr><td>Feb 2025</td><td><a href="https://drive.google.com/file/d/1X3BkSrYLGW3cHh_7yDIhIph_-W1HWsFZ/view?usp=sharing">Attestation Feb 2025</a></td><td></td></tr><tr><td>Mar 2025</td><td><a href="https://drive.google.com/file/d/1jRI-vgf2XjKb8CBs1lgfifcAEusvKpfd/view?usp=drive_link">Attestation Mar 2025</a></td><td></td></tr><tr><td>Apr 2025</td><td><a href="https://drive.google.com/file/d/1DdCF1sHerq9RJSn61qupT_wlHYerPxdj/view?usp=sharing">Attestation Apr 2025</a></td><td></td></tr><tr><td>May 2025</td><td><a href="https://drive.google.com/file/d/1LdViM1d0GMPugSZ4hUQD8P3RzetSwj9D/view?usp=sharing">Attestation May 2025</a></td><td></td></tr><tr><td>Jun 2025</td><td><a href="https://drive.google.com/file/d/1xBydJAHUdMg6DE7Yl9fxGFVAW0fhSaNf/view?usp=sharing">Attestation June 2025</a></td><td></td></tr><tr><td>July 2025</td><td><a href="https://drive.google.com/file/d/17zh03iYomxUuDXvcxV8graUWYBHGlVJd/view?usp=sharing">Attestation July 2025</a></td><td></td></tr><tr><td>Final Phase 3 attestation</td><td><a href="https://drive.google.com/file/d/1L20fHAFnzdBHBdLDFg6zfMVkNp8Gbe5N/view?usp=sharing">Attestation Oct 2025</a></td><td></td></tr></tbody></table>