IFTA TO HOST MEDICARE’S FINANCIAL CRISIS SEMINAR
The Institute for Truth in Accounting, with the assistance of Tom Prince, Professor of Health Industry  Management at Northwestern’s Kellogg School of Management, has organized a seminar to bring together professionals to discuss the true cost of the Medicare program. A focus of the seminar is to determine how adequate funds can be provided to healthcare providers in the future. The speakers are an impressive array of nationally known experts in the healthcare field. The speakers include: Sheila Weinberg CEO of Institute for Truth in Accounting, along with board member Tom Price, as well as Lois Quam, CEO of Ovations within UnitedHealth Group; Jon Kaplan of Accenture; Julia Portale of Pfizer, Jon R. Comola of  Wye River Group on Healthcare; authors Dr. John E. Croghan and Jonathan D. Weatherly; and Terry Mieling of Merrill Lynch.

This lecture and discussion will take place at the Chicago Club on Thursday, April 27, starting at 1:00pm- 5:00pm, and will continue into Friday, April 28, from 9:00am- 5:00pm. The April 27th reception is a great opportunity to network with important healthcare professionals of similar minds. We anticipate a record turnout and seating is limited.

Please R.S.V.P. by contacting Darlene Porteus at 847-835-5200 or dporteus@truthinaccounting.org.

Due to rapid increase in interest for the Institute, IFTA has officially relocated to Northbrook.  The Institute for Truth in Accounting is now located at 1500 Skokie Blvd, Suite 304, in Northbrook, Illinois. This improvement will help establish IFTA's public presence and will become the central location for all of the Institute's communication.

The official address is: Institute for Truth in Accounting, 1500 Skokie Blvd, Suite 304, Northbrook, Illinois 60062.  The voicemail phone number is 847-849-5035.  The fax number is 847-849-5036.

 IFTA's Newest Publication, Where Do We Stand? The Financial State of the Union, challenges debt assessment. An eight-page booklet summarizing the 158-page, 2005 Financial Report of the US Government, this easy-to-read publication will answer questions like, "Where Do We Stand?" and "Are We Better Off?" Already a hit with leaders in Washington, D.C., this hard-hitting pamphlet was recently handed out at handed out at the House Government Reform Subcommittee on Government Management, Finance and Accountability, on March 1, 2006, and also at the March 24-25 conference of the National Association of State Comptrollers. This booklet can be found online.

Truth In Accounting Act announced
On April 6th, Congressman Chocola (R-IN), along with Congressman Jim Cooper (D-TN) and Congressman Mark Kirk (R-IL) introduced the "Truth in Accounting Act of 2006". This act would require the federal government to accurately report the nation’s unfunded long-term liabilities, including Social Security and Medicare, a debt that amounts to $43 trillion dollars, during the next 75 years, Chocola says, according to wndu.com. This legislation was named after The Institute for Truth in Accounting, and will allow the Federal Government to report Truth in their accounting practices. More information regarding this act can be found here.

AGA Nominates Sheila Weinberg
Motion #9 on the AGA National Executive Committee Meeting on February 1, 2006, states, "To  recommend...Sheila Weinberg to the board appointment position of the Federal Accounting Standards Advisory Board."

Kelley Bergstrom joins the IFTA Advisory Panel
Kelley Bergstrom is currently the President of Bergstrom Investment Management, LLC, a real estate and private equity investing firm. Before founding Bergstrom Investment, he was President of JMB Properties Company. He is also vice-chairman of the Iowa State University Foundation Board of Directors, and recently pledged a substantial amount to his undergraduate alma mater for the Kelley and Joan Bergstrom Commons, a new interactive commons area of the new Gerdin Business Building.
Please welcome him to the Advisory Panel!

Check out Sheila's Blog for more information about the Institute for Truth in Accounting's upcoming schedule and board meetings. Things happen daily, so check back often!