Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - Financial Accounting and Accounting Standards - Concepts for Analysis - Instructions - Page 25: CA1-3(2)

Answer

(d)

Work Step by Step

(d) Research, discussion paper, exposure draft, standard. Following the due process, FASB first identifies the financial reporting or procedure issue, then researches on the same, following which a discussion paper is issued which invites comments from various stakeholders and the public.
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