Ask the Experts: Biden’s infrastructure plan and America’s largest cities

May 14, 2021

Video interview and discussion with Steven Malanga, senior editor at City Journal and Manhattan Institute fellow, and Sheila Weinberg, CEO and founder of Truth in Accounting. 

When new stuff becomes 'infrastructure,' do accounting foundations tremble and shake?

May 14, 2021

Accounting is about numbers, but it is also about words.

City Combined Taxpayer Burden Report 2021

May 11, 2021

Truth in Accounting has released a new analysis of the 10 most populous U.S. cities that includes their largest underlying government units.

David Cotton joins Truth in Accounting's Advisory Board

May 10, 2021

Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accountants, headquartered in Alexandria, Virginia.  Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numerous other Federal and State agencies and programs.  

What is fraud and are government officials committing it? Part I

Sheila Weinberg | May 10, 2021

I am an accountant not an attorney, so I am no expert on what is or isn’t fraud. But when I hear elected officials make misleading public comments about their government’s finances I often wonder if they are committing fraud. 

Testimonies for full accrual based accounting during GASB public hearings

May 7, 2021

This video contains 15 testimonies before the Governmental Accounting Standards Board (GASB) in March and April of 2021 by citizens, elected officials, think tank leaders, and more. All of whom argued against GASB’s proposals to continue cash-basis-like accounting for governmental funds statements.

Illinois is tardy with fiscal year 2020 financial report

Truth in Accounting | May 6, 2021

By Truth in Accounting, includes “Timely information is crucial during government decision processes like budgeting. However, most states issue their Comprehensive Annual Financial Reports (CAFR) long after their fiscal year's end. Several states have still not issued their 2020 annual financial reports even though their fiscal years ended more than 300 days ago.”

Did ‘Get-Out-The-Vote’ campaigns bias the Census – and apportionment – results?

April 29, 2021

Counting heads matters -- for lots of money.

Janet Yellen’s priorities as Secretary of the Treasury of the United States

April 23, 2021

Financial reporting about the U.S. Government doesn't appear to be high on the list.

America continues on its unsustainable fiscal path

Truth in Accounting | April 21, 2021

 Yesterday’s “Ask The Experts” webinar with Chuck Chokel, TIA Board Member and former Co-CEO of Progressive Corp., and Sheila Weinberg, CEO and Founder of TIA. We also discussed the newly released Financial State of The Union 2021. Moderated by our Director of Research, Bill Bergman.  Comments at YouTube this morning include “This is fascinating, this video needs more exposure to the general public.”

A trillion here, a trillion there: Whatever the amount, it is spinning too fast

Sheila Weinberg | April 15, 2021

Now that the calculations for our Financial State of the Union, which are based upon information in the recently released Financial Report of the U.S. Government (FRUSG) for the fiscal year ended September 30, 2020, are complete, we have found that we need to adjust our debt clock. The good news is the clock’s “true debt” decreased.

Why you should care about the federal government's financial report

April 15, 2021

The FRUSG was released by the Department of Treasury, in coordination with the Office of Management and Budget, on March 25, 2021 to a deafening silence. Not a single news outlet reported on this report.

Financial State of the Union 2021

April 15, 2021

Our Financial State of the Union report found that the financial condition of the U.S. government worsened by nearly $10 trillion in 2020.

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