UN watchdog: $22 mln missing in Iraq contracts

WASHINGTON, Nov 6 (Reuters) - An audit of 15 noncompetitive contracts paid for by U.S. government agencies with Iraqi oil money was unable to account for $22.4 million in funds, a U.N.-led watchdog said on Monday.

The audit by KPMG, ordered by the International Advisory and Monitoring Board, or IAMB, said in some cases Iraq did not receive goods, there were "unreconciled payments" and there was no evidence that steps were taken to fix previously reported problems.

The contracts varied, from oil pipeline security, police and military training, printing of the new Iraqi currency to the purchase of vehicles and food.