Development Fund for Iraq Cash Accountability Review: Joint Area Support Group-Central
Abstract
This audit report is one of a series of reports addressing controls by U.S. government officials, over cash in Iraq. This audit report discusses the accountability for the Development Fund for Iraq (DFI) cash controlled by the Joint Area Support Group- Central (JASG-C) Comptroller, who also serves as the DFI Account Manager. The DFI fund was established to meet: the humanitarian needs of the Iraqi people, the economic reconstruction and repair of Iraq's infrastructure, the continued disarmament of Iraq, the costs of Iraqi civilian administration, and other purposes benefiting the people of Iraq Objective. The overall audit objective was to provide assurance that funds on hand agreed with government records. We specifically looked at whether Department of Defense (DoD) polices and procedures for controlling cash and cash expenditures were being followed and whether the procedures were adequate given existing conditions. Results. We conducted an unannounced cash count on January 31, 2006, and as a result provided assurance that the $28.5 million funds on hand agreed with government records. The JASG-C Comptroller/DFI Account Manager was accountable for DFI cash assets on hand and complied with the DoD requirements for safeguarding cash, with some exceptions. We found that the processes employed by the JASG-C Comptroller/DFI Account Manager's office were acceptable for completing, controlling, and maintaining accurate records for: (1) cash on hand (Palace Vault), (2) issuance of cash to paying agents in the Central Region, and (3) clearing paying agents' cash account balances.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 28, 2006
- Accession Number
- ADA519039
Entities
People
- Arlene Hunt
- Joseph T. Mcdermott
- Ronald Rembold
- W. D. Haigler Jr.
Organizations
- Special Inspector General for Iraq Reconstruction