FAA in the Clouds Over GAO Report
The Federal Aviation Administration (FAA) has reason to worry. Not only is it waiting for an independent panel's report over complications related to its satellite-based navigation system, but now the General Accounting Office is involved through a direct order from Congress.
The request was made by Sen. Richard Shelby (R-Ala.), who serves as chairman of the House Appropriations Committee’s Transportation Subcommittee.
Although the GEO isn't concentrating solely on financial matters, their report will examine the costs and benefits of the Wide Area Augmentation System with regard to whether the FAA underestimated the system's cost. The GAO Also will examine a more general topic of cost-saving measures designed to meet navigation needs.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.