Tuesday, August 20, 2013

Accounting Board Picks Next Chairman

Russell G. Golden was named the chairman of the Financial Accounting Standards Board on Tuesday, taking up the debate over the convergence of global rules.

Mr. Golden, a former partner at Deloitte & Touche, had been a member of the seven-person board since 2010 and before that was chief of staff. He will serve until 2017, and could have his term extended until 2020.

“He will bring to his new position a deep understanding of technical accounting issues informed by a broad appreciation of the larger environments in which the FASB operates, which he developed during his years as both a staff member and as a board member,”said Jeffrey J. Diermeier, the chairman of the Financial Accounting Federation, which appoints members of the board.

To read the full article click here

Source: Floyd Norris, http://www.nytimes.com

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