Pentagon uncovers $2 billion in Ukraine aid accounting errors
japantimes.co.jp — July 26, 2024, 04:00 AM UTC
Summary: The Pentagon has identified an additional $2 billion in accounting errors related to military aid sent to Ukraine, raising the total misvalued aid to $8.2 billion, according to a government report. The errors stem from unclear accounting definitions and the use of "replacement value" instead of "depreciated value." The Government Accountability Office has recommended clarifying valuation definitions and updating guidance for military aid.
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