Tag Archives: Russell Golden

FASB/IASB Agree on Revenue Recognition

State Board Report June 2014 Following years of discussion, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced on May 28 their converged standard on the recognition of revenue from contracts with customers. The previous requirements for International Financial Reporting Standards (IFRS) and for U.S. Generally Accepted Accounting Principles (GAAP)…

FASB Reorganizes Its Agenda

State Board Report February 2014 The Financial Accounting Standards Board voted on January 29 to reorganize its agenda to focus more closely on the issues identified as most important by a survey completed last year by more than 100 members of the Financial Accounting Standards Board’s advisory groups and other stakeholders. FASB Chairman Russ Golden…

FASB Golden Addresses Annual

State Board Report November 2013 Representatives from 45 Boards of Accountancy heard Financial Accounting Standards Board Chairman Russell G. Golden discuss the challenges faced by the FASB in exercising their responsibility to both preserve and evolve Generally Accepted Accounting Principles (GAAP). “Even as we stay committed to global convergence, we must address the pressing needs…

FASB Looks Inward at Improving GAAP

Publication: Compliance Week Published: November 1, 2013 Author: Tammy Whitehouse As the decade-long focus on convergence winds down, the Financial Accounting Standards Board is recommitting itself to making U.S. accounting standards work for U.S. capital market needs. In a recent speech to the National Association of State Boards of Accountancy, recently appointed Chairman Russ Golden…

Eminent Speakers for 2013 Annual

State Board Report September 2013 NASBA’s 106th Annual Meeting, to be held October 27-30 at the Hyatt Regency in Maui, HI, will not only include the latest reports from NASBA leaders but will also feature other outstanding voices in the fields of regulation and accounting. Speakers at the NASBA Annual Meeting will include: FASB Chair…

New Leaders at SEC and FASB

State Board Report June 2013 Russell G. Golden will become the next chairman of the Financial Accounting Standards Board, effective July 1, 2013. He will succeed FASB Chairman Leslie F. Seidman, whose term ends on June 30, 2013. Mr. Golden had been a member of the FASB since September 2010, having previously served on the…