The president reviewed the mechanisms used to audit financial records.
Iraqi President Dr. Latif Rashid, received today, Sunday, at the Salam Presidential Palace in Baghdad, the director of Federal Board of Supreme Audit Raffel Yassin Khudair, Iraqi president press office said in a statement.
In the meeting, President Rashid reviewed the work of the Office of Financial Supervision and the mechanisms used in auditing and monitoring financial transactions that ensure the protection of public coffers.
The President noted that the government program needs everyone's cooperation and coordination together in to combat administrative and financial corruption, requiring serious measures that is necessary to achieve the desired goals and ensure meeting the needs of the people.
President Rashid stressed the need to support the monitoring bodies to ensure the progress of their work and avoid the obstacles they face so that these institutions can perform their tasks and achieve their goals.
One of the crisis-hit country’s main challenges is financial embezzlement, in a recent public fraud, $2.5 bn from tax revenues disappeared, the largest in history of the country, gaining the catchphrase, fraud of the century.