United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2007-06-25 monographic deposited born digital 50 p. GA 1.13:GAO-07-432 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-432 P0b002ee18039d77b f:d07432 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-432 machine generated eng fdlp REPORT GAOREPORTS-GAO-07-432 GAO-07-432 Accountability Accounting procedures Equipment inventories Equipment management Federal property Federal property management Financial records Financial statements Internal controls Losses Policy evaluation Property and supply management Property losses Records Records management Waste, fraud, and abuse Policies and procedures Other Written Product A71431 For years, GAO and others have reported that the National Aeronautics and Space Administration (NASA) does not maintain effective control over the $35 billion of property, plant, and equipment (PP&E) and materials that it reports on its financial statements. GAO's report, the first in a planned series, addresses whether NASA's control environment and internal controls over NASA-held equipment provide reasonable assurance that (1) these assets are not vulnerable to loss, theft, and misuse and (2) all equipment costs are appropriately recorded in the agency's financial statements. GAO evaluated the design of NASA's property management controls by reviewing agencywide and local policies, obtaining equipment loss reports for all NASA centers, and evaluating actions taken to hold employees accountable. To confirm its understanding of the design of NASA's property controls, GAO conducted on-site visits at two NASA centers and interviewed property management officials at the remaining seven NASA centers. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-432/html/GAOREPORTS-GAO-07-432.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-432/pdf/GAOREPORTS-GAO-07-432.pdf GAO-07-432 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-432 Other Written Product GAO-07-432; Property Management: Lack of Accountability and Weak Internal Controls Leave NASA Equipment Vulnerable to Loss, Theft, and Misuse; Accountability Accounting procedures Equipment inventories Equipment management Federal property Federal property management Financial records Financial statements Internal controls Losses Policy evaluation Property and supply management Property losses Records Records management Waste, fraud, and abuse Policies and procedures