Document Actions
Robert Zicklin Center for Corporate Integrity
CCI NewsBehind the U.N. Oil-for-Food ScandalIn an effort to address the humanitarian needs of the Iraqi people while maintaining sanctions against the regime, the United Nations established the Oil-for-Food Programme. Although initially viewed as temporary, the Programme lasted for seven years and comprised more than $100 billion in oil and humanitarian goods transactions. As now well chronicled, the Programme became riddled with fraud. Saddam Hussein ultimately turned the Programme to his own advantage, extracting surcharges and kickbacks from companies doing business under the Programme. 04/06/2006
Transparency Value: Using XBRL for Financial AnalysisXBRL promises to be a once in a career leap forward in financial reporting that will enable much more timely, efficient, accurate, less costly and comprehensive financial analysis than ever before available. XBRL, or eXtensible Business Reporting Language, is an XML-based format for the electronic communication of business information that individually "tags" the content of reports to allow for hyper-detailed automated analysis and comparison of financial reports without the need for re-keying of information. It has been adopted by the FDIC and by the SEC in a voluntary trial program for filings to the EDGAR system. 04/05/2006
Contact InformationMatthew LePere |
|
