Friday, August 20

No Need to Worry, My Accountant Handles That

by justmy2 @ 8/20/2004 08:03:00 PM

Audit Shows $8.8B Missing in Iraq

A soon-to-be-released audit will show that at least $8.8 billion in Iraqi money that was given to Iraqi ministries by the former U.S.-led authority there cannot be accounted for, FOX News has confirmed.

And three senators want to know where the cash is.

The draft audit by the Coalition Provisional Authority's inspector general chastises the CPA — formerly led by L. Paul Bremer — for "not providing adequate stewardship" of at least $8.8 billion from the Development Fund for Iraq. The audit is not expected to be released for at least two or three more weeks, possibly longer.

One of the main benefactors of the Iraq funds was Texas-based firm Halliburton, which was paid more than $1 billion of that money to bring in fuel for Iraqi civilians. The monitoring board said it had not been given access to U.S. audits of contracts held by Halliburton.

No, your kidding? Some things are just so hard to believe...


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