Every once in a while, one must ask, what is my purpose? Given the state of the world these days, it seems like a highly appropriate question.
So what is Truth in Accounting’s purpose?
As I see it, in this vast sea of politics, Truth in Accounting serves to untangle the complexities of the obscure world of government accounting. It’s a topic most people fail to understand and might find boring or too complex. YET accounting holds the key to government transparency and accountability, which is the foundation of a representative form of government.
Truth in Accounting doesn’t care about your political ideology and makes no tax and spend policy suggestions. However, like you, we believe in government transparency and accountability, and that begins with better accounting standards.
Truth in Accounting serves to help you make better-informed decisions. We take the time to dig through government financial reports, and then we apply a more rigorous standard of accounting to those numbers to show all of the hidden liabilities. Giving you valuable information before entering the voting booth or deciding which candidates to support.
A perfect example is our latest research on the 50 states. See your state here.
Another driving purpose behind Truth in Accounting is working to improve the government accounting standards. To succeed at this, we have to continue educating the public on the differences between government and public sector accounting while lobbying for higher standards from the groups responsible for setting the standards [FASAB, GASB, FASB, FAF].
While all of this work and research is free and available to everyone, it isn't free to produce. So, we thank you for your continued support of our purpose. We find great pride in addressing this issue for you and the betterment of society.
P.S. Did you know there is a shortage of accountants across the country? That’s another issue we are tackling!