The Wall Street Journal reported that Russell Golden, FASB’s new chairman, said in a recent speech that he aims to reduce complexity and reduce delays that slow standard-setting, while maintaining a commitment to keep U.S. standards comparable with international rules.

The Journal quoted Golden as saying, “I hope that when my term as chairman ends, I leave the organization and the U.S. financial reporting system in a place where there is more useful information for investors and less complexity in standards for preparers,” in remarks to a FASB conference in New York.

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