NASA OIG: Costs Incurred on NASA’s Cost-Type Contracts “We found NASA is at increased risk of paying unallowable, unreasonable, and unallocable incurred costs and of losing the opportunity to recoup […]
Financial Management
Posted inFinancial Management
OIG: NASA Does Not Do A Good Job With Blanket Purchase Agreements
OIG Report: NASA’s Use of Blanket Purchase Agreements “NASA Contracting Officials Using GSA Schedule Agreements Did Not Maximize Competition or Seek Vendor Price Discounts. Our sample included 23 orders obtained […]
Posted inCommercialization
NASA Clarifies Policy on Payment of Fees to Non-Profits
NASA Proposed Rule: Profit and Fee Under Federal Financial Assistance Awards “NASA is revising the NASA Grant & Cooperative Agreement Handbook to clarify that NASA does not pay profit or […]
Posted inCommercialization
OIG: NASA Has 15,000 Unclosed Expired Awards
NASA OIG: Final Report – IG-14-014 – NASA’s Award Closeout Process, NASA OIG “As of October 2013, NASA had more than 15,000 award instruments that had expired but were not […]
Posted inFinancial Management
NASA is Finally Getting Its Accounting Under Control
Audit of the NASA Fiscal Year 2013 Financial Statements (IG-14-006) “The audit resulted in an unmodified opinion on NASA’s fiscal year (FY) 2013 financial statements. An unmodified or “clean” audit […]
Posted inNews
JSC Entering the Risk-Sciences Arena
NASA, Deloitte To Bring Space-Age Risk Management To Oil And Gas Industry, NASA JSC “NASA Johnson Space Center and Deloitte will enter into a strategic alliance offering advanced risk-management services […]
Posted inCommercialization
OIG Questions Whether NASA Accepted too much Financial Risk with Orbital Contract
Final Report – IG-13-016 – NASA’s Management of Commercial Orbital Transportation Services and ISS Commercial Resupply Contracts, NASA OIG “The OIG review found that despite an almost 3-year delay in […]
Posted inFinancial Management
OIG Finds Problems With NASA Grant Management
NASA OIG Report: NASA’s Grant Administration and Management “NASA Inspector General Paul K. Martin today released a report that examined how well the Agency manages the $3 billion in grants […]
Posted inFinancial Management
NASA Gets a Good Audit Report
NASA Financials Get Clean Bill Of Health “It marked the first time since the 2002 fiscal year that independent auditors issued a qualified opinion, with no material weaknesses, rather than […]
Posted inFinancial Management
NASA's Finances Are Still Hurting
Subcommittees Hold Oversight Hearing to Examine Audit of NASA’s Financial Operations “It only took about half as long to get to the moon as it has taken to clean up […]