Review of the Multi-National Security Transition Command-Iraq Reconciliation of the Iraqi Armed Forces Seized Assets Fund

Abstract : In response to a U.S. Army Audit Agency recommendation, the Multi- National Security Transition Command-Iraq (MNSTC-I) requested that the Special Inspector General for Iraq Reconstruction (SIGIR) conduct an extended review of the MNSTC-I internal review and reconciliation of the Iraqi Armed Forces (IAF) Seized Assets Fund and associated financial disbursing documents to determine whether there were any issues warranting further investigation. SIGIR subsequently obtained custody of MNSTC-I's internal review workpapers and IAF Seized Assets Fund financial disbursing documents. Objectives. The audit objectives were to determine whether (1) sufficient documentation existed to complete the MNSTC-I reconciliation of the IAF Seized Assets Fund, and (2) any acts by responsible internal and external certifying officials, pay agents, vendors and contractors could be identified that warranted further investigation.