NASA Financial Management Update

NASA Has Made Very Little Progress in Managing its Finances Inspector General and GAO Testify, House Science Committee

“NASA’s Chief Financial Officer, Gwendolyn Sykes, also told Congress that she would not certify the agency’s financial statements if she were bound by Sarbanes-Oxley, the federal law that provides severe penalties to private sector officials for financial misstatements.”

House Science Committee Hearing Charter: Financial Management at NASA: Challenges and Next Steps

Udall: NASA’s Financial Management System Needs More Work

CFO Sykes helps NASA manage change, Government Computer News

Testimony to Congress by NASA Inspector General Robert W. Cobb (PDF)

Rep. Calvert Chairs Hearing on NASA’s Fianances

Business Modernization: Some Progress Made Toward Implementing GAO Recommendations Related to NASA Integrated Financial Management Program. GAO-05-799R, September 9.

National Aeronautics and Space Administration: Longstanding Financial Management Challenges Threaten the Agency’s Ability to Manage Its Programs. GAO-06-216T, October 27.

Joint Hearing Financial Management at NASA: Challenges and Next Steps

“Subcommittee on Space, House Science Committee; and Subcommittee on Government Management, Finance, and Accountability, House Government Reform Committee – Hearing Financial Management at NASA: Challenges and Next Steps”

Editor’s note: According to Congressional sources GAO will be releasing a report tomorrow at this hearing. The report details NASA’s compliance with 45 recommendations outlined in four reports issued by GAO in 2003. According to sources, of those recommendations, GAO finds that NASA has fully implemented only three.