NASA is unable to document where its money is going or survive financial audits.
"NASA is still unable to provide detailed support for the amounts obligated against the limits. Thus, we could not verify the amounts NASA reported to Congress in its budget requests for fiscal years 2002 through 2006."
In 1992 the GAO released a report titled NASA's Financial Reports are Based on Unreliable Data
A 2005 GAO Report states that "Most federal agencies have been able to obtain qualified audit options, while NASA's financial statements remain unauditable"
Other GAO reports of interest
- Improper Payments: Incomplete Reporting under the Improper Payments Information Act Masks the Extent of the Problem - National Aeronautics and Space Administration: Long-standing Financial Management Challenges Threaten the Agency's Ability to Manage Its Programs - National Aeronautics and Space Administration: Significant Actions Needed to Address Long-standing Financial Management Problems - NASA's Integrated Financial Management Program Does Not Fully Address Agency's External Reporting Issues - National Aeronautics and Space Administration: Leadership and Systems Needed to Effect Financial Management Improvements - Financial Management: NASA's Decisions Are Based on Unreliable Systems Data and Reports