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’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Investment in people, tech and businesses impacts on EY's profit per partner figure