Professor Elam

Tuesday July 27, 2010

It is fitting that we will have a speaker on internal audit in our classes today. I spied this on Yahoo, it seems the US cannot account for some $9.1 B in Iraq oil revenue.  Well make that 95% of $9.1 B. The usual bugaboo, shoddy record keeping between those paragons of record keeping, the Pentagon and the UN.

This is precisely whty there is a GAO, the Governent Accoutning Office though this study was from a Reconstruction Group assigned to Iraq. This is of course inexcusable, but when it is the Federal Government who dos one complain to? ONce again there is no accountability in the Federal Government.  Remember this episode as Nancy Pelosi tells you what a good deal Obamacare will be….