NASA's Accounting Improves But Its Cost Forecasting Does Not

NASA Receives Fifth Consecutive Clean Audit Opinion

"NASA has received an unmodified audit opinion on its Fiscal Year 2015 (FY 2015) financial statements, marking the fifth consecutive year of "clean" opinions. The agency has released its FY 2015 Agency Financial Report (AFR), which provides details on its financial results and performance highlights. The auditor's unmodified opinion is that NASA's financial statements fairly present the agency's financial position and results of operations. An unmodified opinion is the highest audit opinion that may be received from an external auditor."

2015 Report on NASA's Top Management and Performance Challenges, NASA OIG

"We believe the Agency's estimate that it will cost between $3 and $4 billion annually to operate the Station is based on overly optimistic assumptions, and that for a number of reasons costs are likely to be higher. ... Although the NASA Authorization Act of 2010 set a goal for NASA to achieve operational capability for the SLS and Orion by December 31, 2016, NASA will not meet this timetable. Noting technical and funding uncertainties, NASA has adjusted its planning schedule to reflect an SLS launch readiness date of no later than November 2018, with the first crewed flight of Orion expected no later than 2023."

NASA Office of Inspector General's Semiannual Report to Congress April 1 - September 30, 2015

"As we head into December, the unfortunate pattern of the Federal Government beginning a new fiscal year without an approved budget has repeated itself with a continuing resolution funding NASA through the middle of the month. Failure to receive a full-year appropriation compounds the challenges facing Agency leaders in effectively managing NASA's varied programs, perhaps most prominently its plans to transport astronauts to the International Space Station on commercial U.S. vehicles by late 2017. Given its importance, the Office of Inspector General initiated a follow-up audit this reporting period that will examine the status of the Agency's Commercial Crew Program."

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This page contains a single entry by Keith Cowing published on November 17, 2015 5:04 PM.

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