Russell Golden, the recently appointed chairman of the Financial Accounting Standards Board, discussed the road ahead for FASB after the board marked its 40th anniversary earlier this year as it continues its efforts to reach a consensus with the International Accounting Standards Board on their remaining convergence projects.
In a speech Monday at the National Association of State Boards of Accountancy’s 106th annual meeting in Maui, Hawaii, Golden emphasized that his priority was to improve U.S. GAAP, particularly in the area of disclosures.
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