Outgoing Financial Accounting Standards Board Chair Russell Golden spoke to the rulemaker’s fourth-quarter activities and the transition to his successor, EY’s Richard Jones, at a Financial Accounting Foundation (FAF) board of trustees meeting Tuesday.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....