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

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.

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1992
Accession Number
ADA265690

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems
  • Space

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Business Administration
  • Congress
  • Contract Administration
  • Contractors
  • Contracts
  • Control Systems
  • Cost Estimates
  • Department Of Defense
  • Financial Management
  • Jet Propulsion
  • Law
  • Management Personnel
  • Organizational Structure
  • Personnel Management
  • Procurement

Readers

  • Defense Financial Management and Audit.
  • Technical Research and Report Writing.

Technology Areas

  • Space