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IAMB Reports
First interim IAMB report issued on Dec. 14, 2004
Second interim IAMB report issued on Dec. 18, 2006
Third interim IAMB report issued on Feb. 29, 2008

Documentation
Response from PricewaterhouseCoopers regarding net proceeds of oil export sales
Letters from United Nations and COFE to PricewaterhouseCoopers regarding net proceeds of oil export sales
UNSC Resolution 1956
Terms of Reference after January 7, 2011
Report from the Committee of Financial Experts (COFE) on follow up of audit recommendations presented to the IAMB Meeting January 6-7, 2011
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of September and October 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of November and December 2010
Third Report of the UN Secretary General to the UN Security Council under UNSCR 1905, November 2010
Third Report of the Government of Iraq to the UN Security Council under UNSCR 1905, November 2010
Report from the Committee of Financial Experts (COFE) on follow up of audit recommendations presented to the IAMB Meeting October 14-15, 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of May and June 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of July and August 2010
Second Report of the UN Secretary General to the UN Security Council under UNSCR 1905, July 2010
Second Report of the Government of Iraq to the UN Security Council under UNSCR 1905, July 2010
Committee of Financial Experts (COFE) Report on its action plan for the remainder of 2010 presented to the IAMB Meeting on April 28-29, 2010
Report from the Committee of Financial Experts (COFE) on follow up of audit recommendations presented to the IAMB Meeting April 28-29, 2010
Oil Metering Updated Ministry of Oil Plan presented to the IAMB Meeting on April 28-29, 2010
Status Report from Ministry of Oil on oil meters at end February 2010 Presented to the IAMB Meeting on April 28-29, 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of January and February 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of March and April 2010
First Report of the UN Secretary General to the UN Security Council under UNSCR 1905, April 2010
First Report of the Government of Iraq to the UN Security Council under UNSCR 1905, April 2010
Committee of Financial Experts (COFE) High Level Summary Action Plan for 2010, presented to the IAMB Meeting on January 31, 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their activities for the months of November and December 2009
Minutes of the Committee of Financial Experts (COFE) Meeting Held on December 31, 2009
UNSC Resolution 1905
Terms of Reference after January 31, 2010
Report from the Committee of Financial Experts (COFE) on follow up of audit recommendations presented to the IAMB Meeting December 16, 2009
Letter from the Committee of Financial Experts (COFE) to the Ministry of Oil on the oil metering system presented to the IAMB Meeting December 16, 2009
Report from the Government of Iraq on the status and plan of installation of oil meters presented to the IAMB Meeting December 16, 2009
Report from the Committee of Financial Experts (COFE) to the IAMB Meeting July 22-23, 2009
Report from the Board of Supreme Audit (BSA) on their review of the 2008 KPMG audit observations presented to the IAMB Meeting July 22-23, 2009
BSA work plan for 2009
COFE meeting minutes July 2009
COFE meeting minutes April 1, 2009
COFE meeting minutes February 5, 2009
COFE meeting minutes January 13, 2009
Report of the Committee of Financial Experts on its 2008 activities and 2009 Work Program, presented to the IAMB Meeting on April 2-3, 2009
Presentation by the Iraqi Ministry of Oil to the IAMB Meeting on April 2-3, 2009
Iraqi Code of Measurement of Hydrocarbon Fuels
Report of the Committee of Financial Experts on the implementation of DFI audit recommendations (2003 to 2007), presented to the IAMB meeting on October 20-21, 2008
United Nations Security Council Resolution 1790
United Nations Security Council Resolution 1723
Confirmation by the Government of Iraq of the Creation of an Iraqi Oversight Body to Take Over When IAMB Ceases in December 2006
Update from the Iraqi Representative on the Establishment of an Iraqi Oversight Body to Succeed the IAMB
Update from the Iraqi Representative on the Metering of Iraqi Crude Oil
Update from the President of the Board of Supreme Audit of Iraq on Earlier Recommendations
Letter from the Minister of Finance to the Office of the Prime Minister of Iraq dated July 11, 2006, together with a covering note from the IAMB Representative, regarding the Successor Iraqi Oversight Body for the DFI
Letter from the Permanent Mission of the Republic of Iraq to the UN, dated March 22, 2006, regarding oil metering
Letter from the US Department of Defense, dated January 26, 2006, regarding the settlement of the DFI funded task orders under the KBR contract
Report by the Government of Iraq on the Implementation of Recommendations from the Previous Audit, Presented to the IAMB Meeting on January 23, 2006
Report by the Government of Iraq on the Implementation of Recommendations from the Previous Audits, Presented to the IAMB Meeting on October 4–5, 2005
Statement of Work—Special Audit of Sole Sourced Contracts
Audit of DFI—Request for Proposal—for the period ended December 2004
Terms of Reference after April 2, 2009
Terms of Reference after January 8, 2008
Terms of Reference after December 11, 2006
Terms of Reference—After November 8, 2005
Terms of Reference—After June 28, 2004
Terms of Reference—Before June 28, 2004
Rules of Procedure—After June 28, 2004
Rules of Procedure—Before June 28, 2004
UNSC Resolution 1483
UNSC Resolution 1546
United Nations Security Council Resolution 1637

Arabic
Documentation
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of September and October 2010
Bi-monthly Report from the Committee of Financial Experts (COFE) to the IAMB on their Activities for the Months of November and December 2010
Update from the President of the Board of Supreme Audit of Iraq on earlier recommendations
Terms of Reference
UNSC Resolution 1483
UNSC Resolution 1546
Special Audit Reports
Audit Reports
Links

Contact

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The following members of the IAMB were present:

Arab Fund for Economic and Social Development: Mr. Khalifa Ali Dau, Senior Financial Advisor
International Monetary Fund: Mr. Bert E. Keuppens, Senior Advisor
Interim Government of Iraq: Advisor, Ministry of Finance
United Nations: Mr. Jean-Pierre Halbwachs, Assistant Secretary-General, Controller
World Bank: Mr. Fayezul Choudhury, Vice-President and Controller

Also in attendance were the following:

International Monetary Fund:

Mr. Chris Hemus, Deputy Division Chief, Finance Department
Ms. Mary Hoare, Accountant, Finance Department

United Nations:

Mr. Moses Bamuwamye, Finance Officer

World Bank:

Mr. Charles McDonough, Director, Accounting Department
Ms. Caroline Harper, Lead Operations Officer

Interim Government of Iraq:

Alternate Member, Chartered Accountant/Auditor
President, Board of Supreme Audit

Invitees from the US Department of Defense

Mr. Joseph Benkert
Col. Sidney Heetland
Ms. Simone Ledeen

Invitees from the US Department of State

Mr. Mathew Goshko
Mr. Joshua Voltz

The meeting was opened by the Chair.

1. The agenda for the meeting was unanimously adopted.
   
   
2. The Chair welcomed the presence of the President of the Board of Supreme Audit of Iraq (BSA).
   
   
3. The IAMB re-elected the representative of the Secretary-General of the United Nations as Chair of the Board.

External Audit of the DFI

4. The alternate representative from the Interim Government of Iraq briefed the IAMB on the evaluation and selection process of the DFI external auditor for the period June 29, 2004 to December 31, 2004 and transmitted the recommendation of the Interim Government of Iraq for the appointment of the DFI external auditor.
5. To enhance the functions of the BSA and prepare for a smooth transition when the IAMB is dissolved, the IAMB was informed that the scope of the external audit was expanded to include a requirement for the successful Auditor to utilize the services of 15 qualified staff members of the BSA.
6. The IAMB was satisfied with the evaluation process used for the external auditor selection, and approved the Interim Government of Iraq recommendation that KPMG be selected to undertake the audit for the period June 29, 2004 to December 31, 2004.
7. The audit is expected to take three months from the date of the award of the contract.
8. The IAMB requested to be provided with details on the DFI activities since June 29, 2004.

Defense Contract Audit Agency (DCAA) Reports.

9. The Board received the sixth and last DCAA audit report on sole-sourced contracts which it had previously sought. The report covered the audit of one Task Order and was also redacted like the earlier ones.
10. The IAMB was informed that all reports relevant to the IAMB had now been provided.

Update on the Status of the Special Audit of sole-sourced contracts

11. The IAMB agreed to the terms of reference for a special audit of sole-sourced contracts using DFI funds proposed by the U.S. Government, to be completed by an independent auditor. The audit, which will cover the period up to the dissolution of the Coalition Provisional Authority (CPA), is expected to be completed by April 2005 and is to be made public. The audit will (i) identify non-competitively awarded contracts that used DFI funds, (ii) summarize the findings of audits of such contracts that have already been conducted by various US government audit agencies, and (iii) if any non-competitively awarded contracts have not been the subject of audit, perform audit procedures of such contracts.

Update on SOMO Audits

12. The IAMB received the audit report on the review of controls in the Iraqi State Oil Marketing Organization (SOMO) commissioned by the CPA in February 2004, as had been requested in earlier meetings.
13. The IAMB will take into consideration the findings of this audit report when determining the scope of future audits.

IAMB Report

14. The IAMB prepared a report on its activities covering the period from inception to June 28, 2004 when the CPA was dissolved. This report was discussed and agreed.
    
    
15. It was agreed to post this report on the IAMB website at www.iamb.info.

Follow up on the Recommendations from Previous Audit

16. The IAMB was informed by the representative of the Interim Government of Iraq that steps were being taken to address the concerns raised by the IAMB and the findings of the auditors.
    
    
17. The IAMB will work with the BSA and the Interim Government of Iraq on measures to continue strengthening the overall framework for public financial management in Iraq.

Press Release

18. The IAMB agreed to issue a press release and to post it on the IAMB website.

Other Business

19. The next meeting of the IAMB has been tentatively scheduled for April 18-19, 2005.
    
    
20. The meeting was adjourned on December 6 2004.

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