DOD watchdog to audit $6.2B valuation error in Ukraine weapons transfers

By Tony Bertuca / September 6, 2023 at 10:46 AM
The Defense Department inspector general is launching an audit this month examining the process by which the Pentagon values weapons being transferred to Ukraine, which follows an accounting error that resulted in DOD having $6.2 billion more in funding than it initially projected. “The objective of this audit is to determine the extent and impact of the March 2023 estimation change for valuing assets provided under Presidential Drawdown Authority (PDA), determine whether DOD Components followed the current policy when updating...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.