PracticeAccounting FirmsCongressman queries E&Y Iraq contract

Congressman queries E&Y Iraq contract

The decision to hand the UN oil-for-food programme investigation to Ernst & Young after it was originally handled by KPMG has been questioned by a US Republican congressman

Link: E&Y handed Iraq investigation work

The work was originally handed to KPMG three months ago, but then awarded to Ernst & Young last week, after Paul Bremer, the coalition’s chief administrator in Iraq decided it must be put to a public tender.

Analysis: Iraq needs accountants to win the peace

Now E&Y are duplicating work already undertaken by KPMG.

Christopher Shays, a Republican congressman from Connecticut is reported in the Daily Telegraph as saying: ‘We have serious reservations about the way the investigation [into corruption] is being handled and are awaiting the answer to a range of questions we have put to the Bush administration.’

KPMG was originally awarded the work by the governing council on the advice of Claude Hankes-Drielsma, a London-based consultant and former chairman of Price Waterhouse.

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