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Listed below are some of the steps the FASB goes through before issuing a new standard. Required : Indicate the proper sequence of these steps

Listed below are some of the steps the FASB goes through before issuing a new standard.

Required: Indicate the proper sequence of these steps by matching the appropriate letter in the space provided

Conduct Research

Deliberate on Findings

Invitations to Comment

Identify Topic

Issue Exposure Draft

Issue Statement

Modify Exposure Draft

Vote

a.

4 (Fourth)

b.

1 (First)

c.

5 (Fifth)

d.

3 (Third)

e.

2 (Second)

f.

8 (Eighth)

g.

6 (Sixth)

h.

7 (Seventh)

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