The following published documents are part of the "due process" system used by the FASB in the evolution of a typical FASB Statement of Financial Accounting Standards:
1) Exposure Draft
2) Statement of Financial Accounting Standards
3) Discussion Memorandum
The chronological order in which these items are released is as follows:

Question

Quizplus · Accepted Answer

The correct chronological order starts with the Discussion Memorandum to solicit input on a proposed accounting issue. Next, an Exposure Draft is published for public comment. Finally, after considering feedback, the FASB issues a Statement of Financial Accounting Standards.

The Following Published Documents Are Part of the "Due Process