(Reuters) - A draft audit report prepared by Ernst & Young for the
International Advisory and Monitoring Board, or IAMB, covering
oil exports sales and revenues for 2006, said previously
expressed concerns over the lack of monitoring and financial
management of Iraqi oil had not been addressed.
"The audits also noted large unreconciled differences
regarding oil extraction, production and reported export sales
because there is no overall comprehensive system of controls
over oil revenues," the IAMB said in a release posted on its
Web site www.iamb.info.
Read more at Reuters.com Bonds News
International Advisory and Monitoring Board, or IAMB, covering
oil exports sales and revenues for 2006, said previously
expressed concerns over the lack of monitoring and financial
management of Iraqi oil had not been addressed.
"The audits also noted large unreconciled differences
regarding oil extraction, production and reported export sales
because there is no overall comprehensive system of controls
over oil revenues," the IAMB said in a release posted on its
Web site www.iamb.info.
Read more at Reuters.com Bonds News
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