Mar 20 2002
From The Space Library
The U.S. House Government Reform Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations held a hearing, “Financial Management at NASA: What Went Wrong?” Stephen Varholy and Alan Lamoreaux of NASA and Gregory D. Kutz and Allen Li of GAO provided testimony to the Subcommittee. The hearing focused on NASA's methods of financial accounting and on the role of its former auditor, Arthur Andersen LLP, in assessing those methods. Kutz reported that NASA's system of accounting had made it difficult for GAO to assess NASA's financial records and questioned Arthur Andersen LLP's ability to assess those records accurately. (U.S. General Accounting Office, “National Aeronautics and Space Administration: Leadership and Systems Needed to Effect Financial Management Improvements” (testimony of Gregory D. Kutz and Allen Li before U.S. House Committee on Government Reform, Subcommittee on Government Efficiency, Financial Management, and Intergovernmental Relations; report no. GAO-02-551T, Washington, DC, 20 March 2002), http://www.gao.gov/new.items/d02551t.pdf (accessed 12 August 2002).)
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