FASB chairman wants more comparable financial reporting

Financial Accounting Standards Board Chairman Russell Golden says the standard setter should make it easier for investors to compare companies with specific financial reporting needs using U.S. Generally Accepted Accounting Principles. "Even as we strive to minimize differences, we believe that we must first serve the users of GAAP financial statements, while making sure that GAAP illuminates any differences whenever and wherever they may occur," he told a meeting of the National Association of State Boards of Accountancy.

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