PracticeAuditIraq audit: Millions of dollars gone missing

Iraq audit: Millions of dollars gone missing

Insecurity, corruption, weak US contract management to blame

A new audit of Iraq reconstruction
aid has revealed that tens of millions of dollars have gone missing, with
insecurity, corruption among Iraqi officials and weak US contract management the
chief reasons.

This revelation follows the quarterly audit prepared by the office of the
Special Inspector General for Iraq
Reconstruction (SIGIR),

In an extract from the 579 page report
Stuart Bowen Jr said:
‘The security situation in Iraq continues to deteriorate, hindering progress in
all reconstruction sectors and threatening the overall reconstruction effort.”

The Iraq Relief and Reconstruction Fund (IRRF) is the largest US foreign aid
project since the Marshall Plan was launched to rebuild Europe after World War
II.

Further reading:

UK corporates face oil for food questions

Taxpayers bear cost of Iraq war as bill tops £3.1bn

Oil-for-food report blasts financial controls

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