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IRW Briefing: Audits Find More Irregularities and Mismanagement of Iraq's Revenues

Date:
December 7, 2004
Source:
OSI

This briefing from OSI's Iraq Revenue Watch reviews the latest audits by the International Advisory and Monitoring Board for Iraq and the Coalition Provisional Authority Inspector General (CPA-IG), both of which reveal hundreds of irregularities in the U.S.-led occupation authority's management of Iraqi revenues, and identify serious weaknesses in Iraq's financial management systems.

These audits and others show that the legacy of CPA accounting practices is a poor model for present and future Iraqi governments. It represents a failure to demonstrate by example the importance of transparent and responsible management and expenditure of public revenues.

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