Why does the FASB undertake a series of elaborate information-gathering steps before issuing a substantive accounting standard?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: May 24, 2013 09:23 AM

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Why does the FASB undertake a series of elaborate information-gathering steps before issuing a substantive accounting standard?

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Intermediate Accounting

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