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CPA IG Finds Halliburton Mismanaged Government Property in Iraq |
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The Coalition Provisional Authority (CPA) Inspector General has issued a report
entitled Audit of the Accountability and Control of Material Assets of the Coalition Provisional
Authority in Baghdad (CPA IG Report Number 04-011).
In this audit report, the Inspector General concluded that Halliburton, through its subsidiary Kellogg
Brown & Root (KBR), “did not effectively manage government property” and that its property
records “were not sufficiently accurate or available to properly account for CPA property items.”
In particular, the Inspector General “projected that property valued at more than $18.6 million was
not accurately accounted for or was missing.” |
