Which of the Following Best Describes the Process of Setting

Which of the following best describes the process of setting accounting standards?

A) A technical process where accounting experts determine the most technically correct and logical standards to issue
B) A political process where the constituency affected either socially or economically by a proposed AASB standard have influence on the final outcome
C) An exclusive process where the AASB sets the agenda and determines what standards to issue and what requirements they will contain
D) An inclusive process where standards are proposed from various interested parties for approval by the AASB