Audit of the Ministry of Digital Transformation: The Accounting Chamber has identified certain discrepancies in the financial statements
This was reported by the Audit Office.
The audit covered funds amounting to 8.4 billion hryvnias and assets totalling 9.9 billion hryvnias.
The Audit Office examined the Ministry of Digital Transformation’s consolidated financial statements and consolidated budget accounts for 2025. Following the audit, the Ministry received a qualified opinion.
This means that, in all material respects, the accounts give a true and fair view of the Ministry’s financial position, the results of its operations and its cash flows, but contain certain issues of concern.
What irregularities did the Audit Office find?
The main observations relate to the accounting for intangible assets, the valuation of certain fixed assets and the incomplete disclosure of information in the financial statements.
In particular, the auditors identified distortions in the accounting for intangible assets amounting to tens of millions of hryvnias.
Furthermore, the Audit Office did not confirm the accuracy of the valuation of certain fixed assets with an initial cost of 26.6 million hryvnias.
Furthermore, the financial statements did not reflect receivables relating to penalties amounting to 0.4 million hryvnias.
What the Ministry of Digital Transformation has already rectified
The ministry rectified some of the shortcomings whilst the audit was still ongoing.
According to the Accounting Chamber, the Ministry of Digital Transformation issued a demand for payment of penalties and carried out a revaluation of 155 fully depreciated fixed assets.
The audit does not dispute the reliability of the Ministry of Digital Transformation’s financial statements as a whole, but highlights problems in specific areas of accounting.
This is important for the state, as it involves billions of hryvnias of budget funds and assets that must be correctly reflected in the accounts. Such audits help to identify weaknesses in financial management and rectify them before they turn into greater risks.
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