GAO: NASA Still Has Accounting Problems
Date: Monday, October 31 @ 06:32:17 CST
Topic: 3. Space News


NASA's inability to balance its checkbook by tens of millions could hurt the space agency's chances to return to the moon by 2018, federal auditors said.

The Government Accountability Office said NASA has been advised to make 45 changes in its accounting procedures, but so far only three have been fixed and 13 others partly fixed, the Orlando (Fla.) Sentinel reported Friday.

"The lack of reliable, day-to-day information continues to threaten NASA's ability to manage its programs, oversee its contractors and effectively allocate its budget across its numerous projects and programs," said Gregory Kutz of the GAO.

However, NASA Chief Financial Officer Gwendolyn Sykes said the agency has made progress and had fixed 34 of the problems previously cited.

Source For Full Article : Click Here

Credit To Author.

Disclaimer

This website contains copyrighted news material - the use of which has not always been specifically authorized by the copyright owner. We believe that our use of such material for nonprofit educational purposes (and other related purposes) constitutes a 'fair use' of the copyrighted material as provided for in the US Copyright Law at Title 17 U.S.C. Section 107. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. If for any reason you believe that our use of your material on this site does not fall within the fair use guidelines, please immediately notify The Black Vault so that we can promptly address the matter.

Sincerely,

John Greenewald, Jr.

a The Black Vault Headquarters

http://www.blackvault.com





This article comes from The Black Vault
http://www.theblackvault.com

The URL for this story is:
http://www.theblackvault.com/modules.php?name=News&file=article&sid=15422