Volunteer accountants setup system to track tsunami donations
12 January 2005

Geneva: United Nations Relief Coordinator Jan Egeland announced today that volunteer specialists from the accounting firm PricewaterhouseCoopers are working with the UN to establish a system of tracking donations to tsunami relief "from pledge to dispersion," after the international donor conference in Geneva, Switzerland.


The PricewaterhouseCoopers project will be "an Internet-based tracking system for the whole cycle from the pledge to the actual dispersion," Egeland said, adding that the system would provide "real time tracking of which pledges we get, when they are committed, when they are dispersed and when they are realized by which organization in the field."


“We have about $3.4 billion in formally recorded pledges," he said, adding that the UN had received between $6 billion and $8 billion in total pledges, including all in-kind donations and loans.


Egeland also promised "immediate investigation" of any allegations that funds for tsunami relief were being mishandled.


"We have external expertise to do this on a pro bono basis," he said. "We cannot afford to have any question marks about this unprecedented use of funds."


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From: CNN

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