As the first step in the development of generally accepted accounting principles,the FASB writes an exposure draft,which explains the topic under consideration.

Name: As the first step in the development of generally accepted accounting principles,the FASB writes an exposure draft,which explains the topic under consideration.
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The first step is to identify a financial reporting issue, after which the FASB may issue an exposure draft later in the process to solicit public comment.

As the First Step in the Development of Generally Accepted