July 19, 2005

NASA's Former Auditor Admits to Making False Travel Claims

PriceWaterHouseCoopers, LLP To Pay U.S. $41.9 Million to Settle False Claims Involving Claims for Travel, Department of Justice

"PriceWaterhouseCoopers, LLP (PWC) has agreed to pay $41.9 million to settle allegations that it made false claims to the United States in connection with claims it made to federal agencies for travel reimbursement. ... The settlement resulted from an investigation by the Justice Department's Civil Division ... and the National Aeronautics and Space Administration ..."

NASA's finances in disarray; auditor quits, Reuters

"In a scathing report on NASA's Sept. 30, 2003, financial statement — which got scant attention at its release but was detailed in a cover story in the May issue of CFO Magazine — [PriceWaterhouseCoopers] accused the space agency of one of the cardinal sins of the accounting world: failing to record its own costs properly."


Posted by kcowing at July 19, 2005 1:59 PM

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