BusinessCompany NewsIraqi coalition finances come under fire

Iraqi coalition finances come under fire

Christian Aid has accused the US-led Coalition Provisional Authority in Baghdad of improperly accounting for £2.4bn of Iraqi assets, adding its voice to a barrage of calls for a separate fund administered by the World Bank and the United Nations.

Link: Iraq oil exports resume without auditor

The CPA has already been attacked on its lack of transparency with various US politicians and non-governmental organisations criticising the coalition for not disclosing how much it has spent of Iraqi money since it took over.

Christian Aid said that so far the CPA has provided details for only $1bn of the money collected from Iraqi oil exports and put into a development fund for Iraq, according to the Financial Times.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor