Friday, 14 May 2004
They Can Put A Guy On The Moon...
...but they can't balance a checkbook?
As NASA sets course for the moon and Mars, the space
agency's finances are in disarray, with significant errors in its last
financial statements and inadequate documentation for $565 billion
posted to its accounts, its former auditor reported.
[...]
"The documentation NASA provided in support of its September 30, 2003,
financial statements was not adequate to support $565 billion in
adjustments to various financial statement accounts," the auditor wrote
in a Jan. 20 report to Cobb, NASA's inspector general. It also noted
"significant errors" in financial statements provided by NASA. That big
number -- $565 billion, with a "B" -- was the result of posting
problems, new software and a "massive cleanup" of 12 years of NASA's
financial records, said Patrick Ciganer, NASA's chief for integrated
financial management.
agency's finances are in disarray, with significant errors in its last
financial statements and inadequate documentation for $565 billion
posted to its accounts, its former auditor reported.
[...]
"The documentation NASA provided in support of its September 30, 2003,
financial statements was not adequate to support $565 billion in
adjustments to various financial statement accounts," the auditor wrote
in a Jan. 20 report to Cobb, NASA's inspector general. It also noted
"significant errors" in financial statements provided by NASA. That big
number -- $565 billion, with a "B" -- was the result of posting
problems, new software and a "massive cleanup" of 12 years of NASA's
financial records, said Patrick Ciganer, NASA's chief for integrated
financial management.
Posted by flow Frazao on May 14, 2004 at 04:27 PM | Permalink
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