Financial Management: Misstatement of NASA's Statement of Budgetary Resources

Abstract

In June 2000, the House Committee on Science identified a significant discrepancy between an amount reported in the National Aeronautics and Space Administration s (NASA) audited financial statements for fiscal year 1999 and its submission in the President's Budget for fiscal year 2001. The Committee's inquiry into this discrepancy resulted in NASA s Chief Financial Officer (CFO) subsequently determining that the information in the audited financial statements was in error by about $644 million. The error occurred in NASA s Statement of Budgetary Resources (SBR), a financial statement that was required for federal agencies beginning in fiscal year 1998. The NASA Office of the Inspector General (IG), which is responsible for conducting or arranging for an independent audit of NASA s financial statements, contracted with Arthur Andersen LLP to meet this requirement.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 2001
Accession Number
ADA388600

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Cyber

DTIC Thesaurus Topics

  • Accuracy
  • Commerce
  • Congress
  • Contracts
  • Financial Management
  • Governments
  • House Of Representatives
  • Information Systems
  • Law
  • Money
  • National Governments
  • Quality Control
  • Risk
  • Risk Analysis
  • Teamwork
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Aerospace Engineering.
  • Defense Financial Management and Audit.

Technology Areas

  • Space