UN asked to extend Iraqi oil oversight board mandate

Time is running out to get a full and fair accounting of Iraq's existing oil revenues, an international watchdog group charged."There is not enough time left to cram in an audit of more than a year's worth of expenditures, many of which have not been accounted for," said Svetlana Tsalik, director of the Open Society Institute's (OSI) Iraq Revenue Watch.The monitoring group in charge of overseeing Iraq's oil revenues has less than 3 months to account for billions of dollars of Iraqi funds spent by the US Coalition Provisional Authority (CPA), OSI noted. Tsalik said that the International Advisory and Monitoring Board (IAMB) cannot provide accurate accounting for this money ...

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