Which of the following specifically refers to the process of arriving at a pronouncement issued by the FASB or SEC?
A)Standard setting
B)Accounting research
C)Policy determination
D)Accounting valuation measurement

Question

Quizplus · Accepted Answer

Standard setting is the specific process of issuing pronouncements by the FASB or SEC that establish accounting principles and guidelines. Accounting research, policy determination, and accounting valuation measurement are all related to the broader field of accounting but do not solely refer to the process of standard setting.

Which of the Following Specifically Refers to the Process of Arriving