Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

IRAQ

Audit Report Gives Damning Assessment Of DFI Financial Controls

A new audit report has given a damning assessment of the financial controls put in place by the US-led Coalition Provisional Authority (CPA) to review and report disbursements from the Development Fund for Iraq (DFI), and says that there were inadequate controls for approximately $8.8bn in DFI funds. The report Oversight of Funds Provided to Iraqi Ministries through...