Middle East Economic Survey


No 30


DFI Auditors Report Scathing On CPA Management Of Iraqi Revenues

An independent auditors report on the Development Fund for Iraq (DFI) by KPMG published on 15 July has given a scathing account of the internal controls and operations used to manage Iraqi revenues by the US-led Coalition Provisional Authority (CPA). The report, which covers the period 22 May-31 December 2003, says that the internal control systems over the Iraqi oil industry...