iraq failure

as president of the country, do you not have an obligation to answer for the money you request and spend? i realize you can not oversee every detail, however, in something as negligible as this, do you not have an obligation to name a committee to go after them, it is the taxpayers money, and our reputation on the line. of course if reputation was a concern i suppose many things would be done differently. i can't help but think the same standards should be held for the people who get government contracts as the people who work day to day. for instance, would you be allowed to keep your job if this was the way you performed? would a city in america lay down and accept this kind of work from a contractor or would there be consequences? should parsons be allowed to keep all of the money or should there be accountability?