How Trump’s new Fed nominee exposed the Soviet Union’s debt

Bill Bergman | The American Conservative | August 23, 2019

She crunched the numbers and predicted the USSR's downfall. Now can she take on America's red ink?

A missing stakeholder in the heart of new corporate governance policy

August 20, 2019

Ironic, considering the source.

Who is Illinois’ Deputy Governor Dan Hynes working for?

August 12, 2019

Are some citizens more equal than others?

Words, numbers, and U.S. government fiscal stability

July 30, 2019

Simple clues can help anticipate disasters

Federal data now available on State Data Lab

July 30, 2019

Beginning on July 30, 2019, Truth in Accounting is expanding its State Data Lab website to offer federal data in addition to city and state data that is already made available to users.

One item to look at when Illinois’ (late) financial report finally appears

July 23, 2019

OPEB, or "Other Post-Employment Benefits"

Bitcoin: A national security issue?

July 19, 2019

Whenever they start putting money in 'war' terms, it's time to check your wallet.

New: Department of Defense's audit report card

July 16, 2019

You can view a PDF of the report HERE.

Truth in Accounting has released their first ever audit of the Defense Department and has analyzed the financial reporting of each entity of the department.

Each entity is given a grade based on their performance in different categories that are shown in the audit.

How big is the federal government, compared to Walmart?

July 15, 2019

Depends on your measuring stick

NEW Financial State of Chicago

July 11, 2019

New report on the Financial State of Chicago finds that the city's financial condition worsened by $2 billion compared to the previous year. 

Chicago’s annual financial report is late – again

July 1, 2019

There could be some unique disclosure issues this year.

Empty seats – another sign of looming fiscal crisis?

June 28, 2019

Poor attendance at Senate Budget Committee hearing -- a sign of the times.

Illinois fails to recognize the importance of the CAFR

Patrick Wool | June 21, 2019

To those who follow Illinois’ financial situation, it is no secret that the state is beyond tardy on delivering its Comprehensive Annual Financial Report (CAFR). The standard for CAFR timeliness is 180 days after the end of the fiscal year. Illinois’ fiscal year ended almost one year ago on June 30th, 2018.

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