During the standard-setting process, an ________ is issued by the FASB to solicit input from financial statement preparers, auditors, and other users of financial statements.
A) exposure draft
B) accounting standards update
C) accounting research bulletin
D) accounting comment letter

Question

Quizplus · Accepted Answer

An exposure draft is issued by the FASB to solicit input from stakeholders during the standard-setting process.

During the Standard-Setting Process, an ________ Is Issued by the FASB