Institute for Truth in Accounting Appoints Three Board Members

From the Institute for Truth in Accounting…

Bill Obenshain, Sridhar Ramamoorti and Marilyn McCarthy join IFTA Board

Chicago (November 29, 2011) – Today, the Institute for Truth in Accounting appointed three new members to its Board of Directors:

William A. Obenshain, Executive Director, The Center for Financial Services, DePaul University. Before joining DePaul, Obenshain spent 38 years in the financial services industry with Continental Bank and Bank of America. Obenshain is a director of the Dickey Center for International Understanding at Dartmouth College and a trustee of the Naval War College Foundation in Newport, RI. He is a member of the Executives Club of Chicago and the President’s Circle of the Chicago Council on Global Affairs.

Dr. Sridhar Ramamoorti, Associate Professor, School of Accountancy and Director, Center of Corporate Governance, Kennesaw State University. Dr. Ramamoorti specializes in corporate governance, risk management, external and internal auditing, internal controls, international financial reporting standards (IFRS) and forensic accounting.

Marilyn McCarthy, public relations consultant specializing in media relations and corporate communications. As Senior Vice President for Lizard Investors LLC, McCarthy managed marketing, corporate identity and branding initiatives for a newly created investment management company. Before joining Lizard Investments, McCarthy was Vice President, Public Relations and Shareholder Communications for Columbia Wanger Asset Management.

‘We are honored to have Bill Obenshain, Sri Ramamoorti and Marilyn McCarthy join the Truth in Accounting Board,’ said Sheila Weinberg, Founder and CEO of the Institute. ‘Each individual brings a wealth of knowledge and experience needed to help the Institute bring truth and transparency to our federal, state and local governments.’

About the Institute for Truth in Accounting

The Institute for Truth in Accounting (IFTA) is dedicated to promoting honest, accurate, and transparent accounting at all levels of government and business. As a non-partisan, non-profit organization, the IFTA works to expose accounting deficiencies while promoting better, more accessible delivery of accurate government financial data—and, in turn, providing a foundation for more informed public policy. The IFTA provides its expertise to develop more effective accounting standards and deliver accurate government financial information to policymakers, opinion leaders, and citizens, so they can all work for a more secure financial future. To learn more, please visit our website at

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