October 17, 2021

Nice Neighborhood Dad Named New FASB Chairman

Russell Golden will be your new FASB Chairman effective July 1st. He's been at the Board since 2004, after being a partner in Deloitte's National Office Accounting Services department. Since joining the FASB, he's held various technical positions and even chaired the Emerging Issues Task Force for a time. He has all the chops that you'd want for someone who will have to endure the financial reporting ignorance of various congressional subcommittees, pretend to care about convergence, and read a mountain of hate mail from people who take orders from the American Bankers Association. 

But on the other hand — look at this guy! Blue suit. Blue shirt. Sensible haircut with just a little frost.

I imagine that he jogs in the morning and doesn't let his lawn to get out of control during the summer. He never misses parent-teacher conferences or forgets his anniversary. 

Even though I have no idea of any of those things are true, I already trust him to pick up my imaginary kids from soccer practice. Undoubtedly, he'll do us right in the further complication of accounting rules.

[FAF

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