FASB chair resets priorities for accounting body

09/30/2013 | Compliance Week

Russ Golden, the new chairman of the Financial Accounting Standards Board, says he wants to see convergence efforts between FASB and the International Accounting Standards Board reflect the reality of the primacy of national standards. In a meeting last month with former FASB chairs and others, Golden said that the accounting bodies should issue converged standards that meet the needs of their home markets.

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