Question Content Area

Before issuing a new standard, the FASB completes a multi$-$stage process that includes the following steps: Conduct Research, Deliberate on Findings, Identify Topic, Issue Exposure Draft, Issue Invitations to Comment, Issue Statement, Modify Exposure Draft, and Vote. Select the correct sequence of these steps?

Conduct research

Deliberate on findings

Issue invitations to comment

Identify topic

Issue exposure draft

Issue statement

Modify exposure draft

Vote