A new study by the British charity Christian Aid has found the US-led Coalition Provisional Authority can not account for $20 billion of Iraq’s money over the past 15 months. In addition the CPA recently handed out a series of contracts with little oversight. The report states, “In the run-up to the handover, billions more dollars have been hastily allocated to projects that do not appear to have been properly planned. This lack of accountability creates an environment ripe for corruption and theft at every level.” The CPA officially dissolved itself on Monday after the so-called handover of power. The head of the CPA Paul Bremer quietly left the country before reports of the early handover even appeared in the press.