spacetoday.net: space news from around the webin association with SpaceNews


Audit criticizes NASA finances
Posted: Tue, Mar 5, 2002, 7:44 AM ET (1244 GMT)
NASA An audit of NASA's budget released last week concluded that the agency's bookkeeping was so poor that independent auditors could not even rule out the possibility of fraud. PricewaterhouseCoopers auditors could not give NASA a clean report because they were unable to obtain the information they needed to complete their report. Auditors found a lack of adequate controls on property and equipment and concluded that the $8.9 billion NASA has spent to date building the space station lacks "validity and completeness", according to the Houston Chronicle. NASA had passed audits in the past, making it and the Federal Emergency Management Agency the only two of 24 audited agencies to show deterioration in performance. NASA administrator Sean O'Keefe, asked about this during a Congressional hearing last week, said that tightened auditing standards were largely responsible for the problem, saying that the agency will work harder next year to get the auditors the information they need in a timely manner.
<<previous article   next article>>
news in brief

SpaceX launches Indonesia communications satellite
Posted: Sun, Sep 14 4:07 AM ET (0807 GMT)

Soyuz launches Progress cargo spacecraft to ISS
Posted: Sun, Sep 14 4:06 AM ET (0806 GMT)

news links
Thursday, September 18
Rocket Lab Looks To Raise $750M In Share Sale
Aviation Week — 1:53 am ET (0553 GMT)
Update: SpaceX Launch from Vandenberg Rescheduled Due to Weather
Santa Barbara (CA) Edhat — 1:50 am ET (0550 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list