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GAO-05-799R 1 (2005-09-09)

handle is hein.gao/gaocrptaryg0001 and id is 1 raw text is: A Aco untability * Integrity * Reliability United States Government Accountability Office Washington, D.C. 20548 September 9, 2005 The Honorable Sherwood L. Boehlert Chairman Committee on Science House of Representatives The Honorable Bart Gordon Ranking Member Committee on Science House of Representatives Subject: Business Modernization: Some Progress Made toward Implementing GAO Recommendations Related to NASA's Integrated Financial Management Program As we and others have reported in the past, the National Aeronautics and Space Administration (NASA) has fundamental problems with its financial management operations that undermine its external financial reporting ability and thwart its efforts to effectively manage and oversee its major programs. In April 2000, NASA began addressing many of its financial and management challenges through its effort to implement a new integrated financial management system, known as the Integrated Financial Management Program (IFMP), which NASA expects to complete in fiscal year 2008. However, in April and November 2003-3 years into the IFMP implementation effort and with significant investment already made in the program-we issued a series of four reports' that detailed weaknesses in NASAs acquisition and implementation strategy for IFMP. Specifically, we reported that NASA had not followed key best practices for acquiring and implementing IFMP and, therefore, was at risk of making a substantial investment in a financial management system that would fall far short of its stated goal of providing meaningful, reliable, and timely information to 1GAO, Business Modernization: Improvements Needed in Management of NASA's Integrated Financial Management Program, (AO-) -5(t7 (Washington, D.C.: Apr. 30, 2003); Business Modernization: NASA s Integrated Financial Management Program Does Not Fully Address Agency s External Reporting Issues, GAO-0 -1 51 (Washington, D.C.: Nov. 21, 2003); Information Technology: Architecture Needed to Guide NASA s Financial Management Modernization, GA.O-04- 43 (Washington, D.C.: Nov. 21, 2003); and Business Modernization: Disciplined Processes Needed to Better Manage NASA s Integrated Financial Management Program, (,0 1 - 118 (Washington, D.C.: Nov. 21, 2003). GAO-05-799R Status of GAO Recommendations Page 1

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