What is the$$ standard$-$setting process followed by$$ FASB?

Question content area bottom

Part $1$

The FASB follows a$$ seven$-$step process to issue a final standard. Place the steps listed in the proper order.

Step#

Description

Step $1$

$$

Step $2$

Step $3$

Step $4$

Step $5$

Step $6$

Step $7$