Feb 28 2002
From The Space Library
NASA released two reports of an audit conducted by the independent firm Pricewaterhouse-Coopers, noting several problems with NASA’s system of financial management and record keeping. In one report, Pricewaterhouse Coopers stated that NASA had not provided auditors with timely and sufficient documentary evidence of its financial transactions. Thus, auditors could not determine the accuracy and completeness of NASA’s reported financial obligations, expenses, and equipment, including those related to the ISS and Space Shuttle programs. The audit did not state that waste or fraud characterized NASA’s financial management; rather, the report concluded that NASA’s incomplete financial records obviated any definitive assessment of its finances. In the second report, the auditors enumerated several problems with NASA’s internal controls over financial reporting, but also stated that they would not provide an opinion on the merit of those internal controls. (Karen Masterson and Mark Carreau, “NASA Bookkeeping in Disarray,” Houston Chronicle, 1 March 2002; PricewaterhouseCoopers, “Report of Independent Accountants” (report, Washington, DC, 22 February 2002), http://www.hq.nasa.gov/ofice/oig/hq/igfy01fsaudit.pdf (accessed 5 August 2008); PricewaterhouseCoopers, “Report of Independent Accountants on Internal Control” (report, Washington, DC, 22 February 2002), http://www.hq.nasa.gov/ofice/oig/hq/lrreport022602.pdf (accessed 5 August 2008).
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
