"To ensure that these standards result in the intended improvements, we’re going to

continue efforts to monitor and assist in transition—and we are prepared to address issues that may arise in their implementation. While it’s too early to predict what

those issues might be, we stand ready to provide insight where appropriate," said Golden. 

next few years, we will focus on figuring out how financial reporting can keep pace with

advances in technology so that investors get more relevant information, more quickly.

We’re already seen the possibilities with XBRL," he said. 

Finally, Golden said that the FASB will continue to engage with the IASB, as well as other national standard setters, saying that he expects there to be joint meetings in 2017 to talk about priorities and future initiatives.