Order the steps in the Financial Accounting Standards Board's standard$-$setting process from $1$ to $7.$

The Board issues an Exposure Draft $($ED$),$ which is intended to solicit input.

After consultation with FASB members and others as appropriate, the FASB Chairperson decides whether to add the issue to the technical agenda.

The FASB staff analyzes the comment letters received, public roundtable discussions, and any other information. The Board then redeliberates the issue.

The Board may hold public roundtables to discuss the ED$,$ if needed.

The Board issues an Accounting Standards Update $($ASU$),$ which is the final standard. It then incorporates the ASU into the Accounting Standards Codification that makes up U$.$S$.$ GAAP.

A financial reporting issue is identified either by requests of financial statement users or by some other means.

The Board holds public meetings where it deliberates the various issues identified by the FASB staff.