Audit reveals significant financial violations at Ukraine’s state-owned Ukroboronprom
During the inspections of the State Enterprise Ukroboronprom, the State Audit Service revealed financial violations and inefficient resource management amounting to hundreds of millions of hryvnias, as indicated in the State Audit Service letter to the Ministry of Economic Development and Trade of Ukraine, as reported by Ekonomichna Pravda.
It is noted in the letter that during 2014-2016, state financial audits and check-ups of twelve of Ukroboronprom’s enterprises were held. Based on the results of these inspections, financial violations and inefficient resource management totaling 557.8 million hryvnas was revealed.
“The first violation was the manipulation of financial results to minimize tax payments …read more