Thu, Nov 18, 2010
Audit "Much Improved" Over FY2010
NASA received what it described as a much-improved financial
statement audit opinion for the 2010 fiscal year.
"I am pleased to receive this qualified audit opinion that
reflects the fact NASA is fairly stating our financial position to
our stakeholders," NASA Chief Financial Officer Elizabeth Robinson
said. "We are working hard to provide useful, accurate information
about our financial results, and this audit opinion is an important
achievement in that effort."
NASA officials said the audit marks the first time since the
2002 fiscal year that independent auditors issued a qualified
opinion, with no material weaknesses, rather than a disclaimer of
opinion on NASA's financial statements. The agency's independent
auditors also reported that, in their opinion, NASA's fiscal 2010
financial statements fairly represent the financial position of the
agency as of Sept. 30, 2010, and its budgetary resources for the
year that ended. They call the report a "significant achievement"
which is "clear evidence of NASA's progress in financial management
during the past decade."
As a result of successful efforts to fully integrate the
financial accounting system, the auditors concluded for the first
time since the 2000 fiscal year that NASA is now substantially
compliant with federal financial management systems requirements of
the Federal Financial Management Improvement Act.
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