Accession Number : ADA265690


Title :   Financial Management: NASA's Financial Reports Are Based on Unreliable Data


Corporate Author : GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND FINANCIAL MANAGEMENT DIV


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a265690.pdf


Report Date : Oct 1992


Pagination or Media Count : 76


Abstract : This report presents the results of GAO's review of the National Aeronautics and Space Administration's (NASA) financial management operations. It discusses a number of systems and internal control weaknesses which have resulted in unreliable data for managing and reporting on NASA's operations, as well as the status of related improvement efforts. GAO undertook this review at NASA's four largest Centers and its headquarters offices to evaluate NASA's high-risk areas that are vulnerable to waste, abuse, and mismanagement. The Office of Management and Budget (OMB) has designated NASA's financial management systems to be at risk, and OMB and GAO have designated NASA's contract administration as high risk because of previously identified weakness and NASA's increased reliance on its contractors for data.


Descriptors :   *FINANCIAL MANAGEMENT


Subject Categories : Administration and Management
      Economics and Cost Analysis


Distribution Statement : APPROVED FOR PUBLIC RELEASE