Management of the Iraqi Interim Government Fund, (25 pages, PDF), October 27, 2006
“In 2004, the Iraqi Interim Government established the Iraqi Interim Government Fund (IIGF), providing $136 million from the Development Fund for Iraq for U.S. military commanders to respond to the urgent humanitarian relief and reconstruction requirements in their areas of responsibility. The Multi-National Force-Iraq (MNF-I) is responsible for overseeing and reporting monthly to the Iraqi government on the status of IIGF projects and financial information; MNF-Is subordinate command, the Multi-National Corps-Iraq (MNC-I), is responsible for management of the IIGF projects. The objectives of this audit were to determine if MNF-I can properly account for the funds provided by the Iraqi Interim Government and has used the funds for their intended purposes. We found that MNF-I can account for the $136 million of IIGF monies in its overall financial records. For the 26 projects we randomly reviewed, MNF-I used the funds for the intended purposes and in accordance with appropriate rules and regulations. However, we also found that project files were incomplete and that data could not be reconciled to the financial records or to the project files. Further, although monthly reports to the Iraqi government on the status and uses of the IIGF are required, we found that MNF-I had not reported to the Iraqi government since December 2005. MNF-I and MNC-I have actions underway to improve data quality. In response to our report, MNF-I stated that it has resumed monthly reporting to the Iraqi government.”
Sorry, comments are closed for this post.