Under the terms of U.N. Resolution 1483, passed in May 2003, money from Iraqi oil sales must be spent in the interests of the Iraqi people. And it must be independently audited. But we only got around to appointing an auditor last April, nearly a year after we seized control of the country. Now its seems the auditor is being stymied by a lack of records while we've been in control. Sounds like we know that at least $12 billion has moved in and out of the fund, but its hard to say how it was used.
Guardian (London):Billions of revenue from oil 'missing'
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