May 19 2004
From The Space Library
NASA's Chief Financial Officer Gwendolyn Sykes Brown and officials from the GAO provided testimony on NASA's accounting system to the U.S. House Government Reform Subcommittee on Government Efficiency and Financial Management. According to GAO, NASA had not acknowledged the nature and extent of its financial management problems, such as its inadequate documentation of financial statements. Brown responded, detailing NASA's efforts to improve its financial management system. For example, NASA had acquired new accounting software and had adopted a single financial system for all of its centers. Subcommittee members stated that they planned to monitor NASA and that they expected NASA to provide periodic reports on its progress in correcting its accounting system. (NASA, “Chief Financial Officer's House Testimony,” 19 May 2004, http://www.nasa.gov/audience/formedia/speeches/brown_house_testimony_051904.html (accessed 31 march 2009); Houston Chronicle, “GAO Criticizes NASA's Budget 'Mismanagement',” 23 May 2004.
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