Auditing Process Quotes



After the invasion phase of the Iraq War, to shore up the economy $12 billion of cash was printed up and flown to Iraq to the U. S. Governor in charge, Paul Bremer. He then was to properly allocate it to develop the economy and pay for reconstruction services. However, apparently there were no records kept and no one could determine who the money went to and for what purpose. It was the largest mismanagement and disappearance of cash in world history.