Middle East Economic Survey

VOL. XLVII

No 30

26-July-2004

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...