U.S. Financial Stability: Accounting's Reign of Power Past, Present and Future

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Truth in Accounting

17 episodes

6 days ago

This podcast is the only one discussing the financial reality of the United States from an accounting perspective, not a political one. We dive into the little-known world of government accounting and how its flawed standards are wreaking havoc. We seek to answer the question, why does the government have different standards than corporations? And how can we change it?

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U.S. Financial Stability: Accounting's Reign of Power Past, Present and Future

Truth in Accounting

1 hour 2 minutes 27 seconds

2 years ago

U.S. Financial Stability: Accounting's Reign of Power Past, Present and Future

Sheila Weinberg (TIA), Marc Joffee (Cato Institute), and Professor Jacob Soll (USC) explore the connection between good accounting practices and our nation's financial stability. It is a compelling revelation of the misleading financial information given to citizens and a referendum on the need for community involvement to change the accounting standards to match those of the private sector. It is neither a left nor right issue, only an issue of transparency and accountability. Professor Jacob Soll said it best, "Let's just say we can argue about debt, but my god, we can't argue about managing debt badly."