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Tuesday, November 01, 2005

Auditors again deride NASA financial system, EA

NASA risks inaccurate accounting of its most expensive space missions because the agency is still struggling to build a modern financial management system, after more than a decade of federal auditor warnings.

Since 2003, when the Government Accountability Office last reviewed the agency's integrated financial management program (IFMP), progress has been slow, especially in establishing an enterprise architecture. Of the 45 recommendations made in 2003, NASA has completed three and has barely started or not started 29.

"For more than a decade, we have identified weak contract management and the lack of reliable financial and performance information as posing significant challenges to NASA's ability to effectively run its largest and most costly programs," a GAO report released last week states.

"The longer NASA waits to fully implement our recommendations, the greater the risk is that the agency will continue to operate a system that does less than promised and costs more than expected."

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