NASA Receives 14th Consecutive ‘Clean’ Financial Audit Opinion
NASA Headquarters, Washington – NASA has received an unmodified, or “clean,” audit opinion on its financial statements for fiscal year 2023 from the independent accounting firm Ernst & Young LLP. This marks the 14th consecutive year that NASA has received an unmodified audit opinion, demonstrating the agency’s strong financial management practices.
An unmodified audit opinion is the highest level of assurance that an independent auditor can provide. It means that the auditor has found no material misstatements or weaknesses in the financial statements and that the financial statements are fairly presented in accordance with accounting principles.
“This clean audit opinion is a testament to the hard work and dedication of NASA’s financial management team,” said NASA Chief Financial Officer Jeff DeWit. “It demonstrates our commitment to transparency and accountability in the use of taxpayer dollars.”
NASA’s financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS). IFRS is a set of accounting standards that are used by companies in over 140 countries around the world.
The audit opinion is based on the auditor’s examination of NASA’s financial statements, which include the balance sheet, income statement, statement of changes in net assets, and statement of cash flows. The auditor also reviewed NASA’s internal control over financial reporting.
NASA’s financial statements are available on the agency’s website at:
About NASA
NASA is the U.S. government agency responsible for the nation’s civilian space program and aeronautics and aerospace research. The agency’s mission is to pioneer the future in space exploration, scientific discovery, and aeronautics research.
NASA’s vision is to “reach for new heights and reveal the unknown so that what we do on Earth can reach for the stars.”
NASA Receives 14th Consecutive ‘Clean’ Financial Audit Opinion
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
NASA a new article on 2024-11-15 22:24 titled “NASA Receives 14th Consecutive ‘Clean’ Financial Audit Opinion”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
31