State-owned enterprises sabotage audit of financial performance - ministry

State-owned enterprises sabotage audit of financial performance - ministry

State-owned enterprises (SOE) are sabotaging audits conducted by international experts of their own financial operations.

Deputy minister of economic development and trade

of Ukraine Yulia Koval told ministers at a cabinet meeting, Ukrinform reports.

"As of today there are only six state-owned enterprises that have 2014 audit documents. Typically, these enterprises are working with international financial institutions. Ten SOEs have signed contracts for auditing, 13 are in the process of conducting tender procedures, the others are sabotaging," said Koval.

The deputy minister reminded that in order to obtain data on the financial performance of the SOE, the government of Ukraine in 2015 adopted a resolution which obliged the largest state-owned enterprises to be audited by top auditing companies that are recognized throughout the world.

Also, she said that overall only 41 percent of SOE publish information about their financial performance.

Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: