The U.S. occupation authority in Iraq tasked with overseeing the use of money appropriated by Congress for relief and reconstruction there didn't have proper accounting controls for $8.8 billion in funds, a report released this week alleged.

The Coalition Provisional Authority "provided less than adequate controls for approximately $8.8 billion of Development Fund for Iraq funds provided to Iraqi ministries through the national budget process," according to a report issued Sunday by the Office of the Special Inspector General for Iraq Reconstruction.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access