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PfcHammer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 10:13 AM
Original message
Auditor quits with Nasa finances in chaos
http://iol.co.za/index.php?click_id=31&art_id=qw1084605...

Auditor quits with Nasa finances in chaos

May 15 2004 at 09:18AM

By Arindam Nag and Deborah Zabarenko

New York - As Nasa sets course for the moon and Mars, the space agency's finances are in disarray, with significant errors in its last financial statements and inadequate documentation for $565-billion posted to its accounts, its former auditor reported.

Nasa's chief for internal financial management said the problem stemmed from a rough transition from 10 different internal accounting programs to a new integrated one, but audit firm PriceWaterhouseCoopers noted basic accounting errors and a breakdown in Nasa's financial controls.

PriceWaterhouseCoopers and Nasa parted ways earlier this year, according to the space agency's inspector general, Robert Cobb. PriceWaterhouseCoopers declined to comment, but a source familiar with the situation said the audit firm opted out of the contract because it was unhappy with the relationship.

In a scathing report on Nasa's September 30, 2003, financial statement - which got scant attention at its release but was detailed in a cover story in the May issue of CFO Magazine - the audit firm accused the space agency of one of the cardinal sins of the accounting world: failing to record its own costs properly.

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 10:36 AM
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1. Any other corruption stories out there that the Rethuglicans...
...can take credit for? Who was watching over these guys and their relationships with Aerospace contractors? Tons of money wasted, and virtually all of the space projects put in jeopardy. Bastards! :wtf:
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donsu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 11:40 AM
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2. the NASA we knew and loved is long dead

the criminal bushgang killed NASA and now it's a tool of the CIA/military
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Tellurian Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 11:46 AM
Response to Reply #2
3. yes, they've raped and abused nasa as well!
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PfcHammer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 11:50 AM
Response to Reply #3
4. this is really too bad. NASA was one of the few things that everyone
could take an interest in and enjoy.
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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 04:23 PM
Response to Original message
5. kick
:kick:
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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-16-04 01:07 AM
Response to Original message
6. US$565 billion black hole found in NASA's accounts - TT
REUTERS , NEW YORK and WASHINGTON
Sunday, May 16, 2004,Page 7

As NASA sets course for the moon and Mars, the space agency's finances are in disarray, with significant errors in its last financial statements and inadequate documentation for US$565 billion posted to its accounts, its former auditor reported.

NASA's chief for internal financial management said the problem stemmed from a rough transition from 10 different internal accounting programs to a new integrated one, but the audit firm PriceWaterhouseCoopers noted basic accounting errors and a breakdown in NASA's financial controls.

PriceWaterhouseCoopers and NASA parted ways earlier this year, according to the space agency's inspector general, Robert Cobb. PriceWaterhouseCoopers declined to comment, but a source familiar with the situation said the audit firm opted out of the contract because it was unhappy with the relationship.

http://www.taipeitimes.com/News/world/archives/2004/05/...

NASA is a dirty Bush Crime Family Carlyle type Empire. I'll never forget when the last NASA head retired and in his speech he gave nothing but ass kissing praise for Bush One, talked and talked and talked, then went right to even more ass licking of Bush Two. Continued on and on of what an honor it was to serve under Bush and Bush. Not once did he mention President Clinton. I personally saw this on C-SPAN or something. Does anyone remeber this feces' name?
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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-16-04 01:15 AM
Response to Original message
7. 565 billion dollar hole to pay for Star Wars
just a thought!
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