The Institute for Truth in Accounting was created to enhance the credibility of public and private sector financial reporting by encouraging the issuance of understandable, reliable, and relevant information. Without truth, there can be no understanding.

WHAT'S NEW

Pass bill to speed payments, give realistic budget picture

“ The state is fooling no one by claiming to have a balanced budget while shoving the payment of current year obligations into the next fiscal year. "

Bringing Truth to 2008 Campaigns

The Institute for Truth in Accounting launches a new campaign, “Truth in 2008", which challenges presidential candidates to address one of our nation's most pressing issues: our skyrocketing national debt. Visit our new multimedia website at: www.truthin2008.org

Accounting Today Article: Tell It Like It Is

“ 'Truth' and 'accounting' should not be concepts that are terribly hard to reconcile - unless you're also trying to bring 'government' into the formula. "

Daily Journal Illinois Budget Editorial: Promises, promises

“Meanwhile, leaders of both parties have laid down a 'smokescreen' for years for the voters. The Institute for Truth in Accounting, which monitors such things, notes that Illinois has run up a $44 billion deficit in the last 20 years of legally required 'balanced budgets."

China threatens 'nuclear option' of dollar sales

“The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation."

Governor sees long budget talks

Chicago Tribune article points out that Illinois Comptroller admitted previous budgets have been “billions of dollars out of balance."

Coming to a theatre near you?
“I can’t think of any movies where an accountant comes into a business, or a government, and saves the day. But maybe there will be one, someday. It’ll be about Sheila Weinberg."

Summer Newsletter

Saying No to Fuzzy Math: Sheila Weinberg fights for truthful government accounting Weinberg featured in article on The Sam Adams Alliance & Foundation website

IFTA Testifies Before Federal Accounting Standards Advisory Board
Verbal Testimony - “Should Social Security and Medicare Liabilities be Put on the Federal Financial Report?”