NASA receives 14th straight 'clean' financial audit result

Written by Copernical Team Sunday, 17 November 2024 03:48

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Los Angeles CA (SPX) Nov 16, 2024

For the 14th consecutive year, NASA has earned an unmodified, or "clean," audit opinion on its fiscal year 2024 financial statements from an independent external auditor. This top-tier audit result indicates that NASA's financial statements align with Generally Accepted Accounting Principles for federal agencies and accurately represent the agency's financial status. The result underscores

NASA receives 14th straight 'clean' financial audit result
by Clarence Oxford
Los Angeles CA (SPX) Nov 16, 2024

For the 14th consecutive year, NASA has earned an unmodified, or "clean," audit opinion on its fiscal year 2024 financial statements from an independent external auditor.

This top-tier audit result indicates that NASA's financial statements align with Generally Accepted Accounting Principles for federal agencies and accurately represent the agency's financial status. The result underscores NASA's dedication to maintaining transparency in managing taxpayer funds.

"For the 14th year in a row, NASA has delivered a reliable, accurate, and transparent report of our fiscal operations as we explore the unknown in air and space," stated NASA Administrator Bill Nelson. "I thank NASA's Chief Financial Officer Margaret Schaus for her leadership, and I am proud that NASA continues to uphold the public's trust in our goals, our missions, and our financial reporting practices. Such trust is critical to our agency's success."

The 2024 Agency Financial Report highlights significant financial and performance data, reflecting NASA's commitment to the transparent use of public funds. This year's report also showcases NASA's achievements over the past year and provides insight into how financial resources supported the agency's various missions and initiatives.

"I am proud NASA has achieved its 14th consecutive clean bill of health on its financial statements," said NASA Chief Financial Officer Margaret Schaus. "I want to recognize the outstanding commitment of our NASA team to ensuring sound stewardship and transparency over the resources entrusted to our agency."

During fiscal year 2024, NASA made strides in its preparations for Artemis II, aiming to send four astronauts on a mission around the Moon as part of the Artemis program. The agency also introduced the X-59 quiet supersonic aircraft, poised to revolutionize commercial air travel with supersonic speeds. Furthermore, NASA continued its extensive Earth studies, advancing the NASA-Indian Space Research Organisation (ISRO) Synthetic Aperture Radar (NISAR) satellite project. This collaborative mission marks the first radar system in space dedicated to comprehensive Earth mapping.