An audit passed to congressmen on influential committee has claimed that the
Pentagon did not have adequate documentation to accounts for up to $7.8bn
dollars of equipment bought from contractors for the Iraq reconstruction effort.
A report in the Washington Post said the audit claimed that
receipts, vouchers, signatures, invoices and other paperwork were missing in
such quantities that $7.8bn worths of equipment was unaccounted for.
An earlier audit unearthed problems in accounting for $5.2bn in goods, while
a senior Democrat politician, Henry Waxman has claimed that the Defense
Department has failed to account accurately for $1.8bn of seized Iraqi assets it
The Post quoted the department’s deputy inspector general for audit saying
that finance staff were not ‘adequately trained’.
Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector
Report argues that the government must change the way it makes tax and budget decisions
UK senior partner Phil Verity has been elected for a second term at Mazars
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit