Source:
BloombergBy Tony Capaccio
June 25 (Bloomberg) -- KBR Inc., the largest U.S. military contractor in Iraq, didn't properly account for the fuel it used and overspent its food budget, according to a new audit.
A database intended to keep track of vehicles authorized to receive fuel and the amount and type of fuel dispensed ``contained so many errors that it cannot be relied on as an official record,'' Special Inspector General for Iraq Reconstruction Stuart Bowen said in an audit released today.
The audit is the latest to criticize oversight that the former Halliburton Co. unit is providing under a $23 billion logistics contract to provide housing, food, laundry, security and fuel services to U.S. troops and State Department personnel in Iraq.
While Houston-based KBR supplied satisfactory products and services, it ``did not always implement basic internal controls over its operations in fuel, food service and billeting to ensure that performance was accomplished economically, efficiently and that those resources were properly safeguarded,'' the report said. The auditors evaluated performance in fiscal 2006.
Read more:
http://quote.bloomberg.com/apps/news?pid=20601070&sid=aeBs9newKkWc