News

Great.com interviews Truth In Accounting about debunking false government reports

January 4, 2021

Spirit Rosenberg from Great.com interviewed Truth In Accounting as part of their 'Great.com Talks With...' podcast. This series is an antidote to negative news stories that aims to shed light on organizations and experts whose work is making a positive impact on the world.

Shining a light into dark corners

Taxpayers around the world deserve accurate and easily-digestible information about their government’s financial performance. Unfortunately, official reporting can be deliberately misleading, deceptive or downright wrong. Sheila Weinberg discussed holding governments to account.

Huge national debts are often glossed over to keep voters happy. But the savings of real people are on the line when politicians make financial decisions. Truth in Accounting and its sister site Data-Z aim to make US state and federal finances more transparent. Sheila explained that for many accountants, the 2008 Financial Crisis crystalized a fear of malpractice. Although we were all told our investments were secure, large institutions lied about the critically unstable housing market, leading to a devastating crash.

Listen to the whole interview to find out the truth about the US government’s unfunded liability, and how Truth in Accounting works with bodies such as FASB to improve and uphold accounting standards.


Great.com is an organization that is changing the way people think about charity, development, and organizations. They’re leading the next generation of charitable giving with their completely remote and radically transparent team. Find out more.

 
comments powered by Disqus