Interpretations of the rules of conduct
A) are enforceable.
B) are finalized after being approved by the FASB.
C) are issued as exposure drafts to the profession and others for comments.
D) do not apply to members in business.

Question

Quizplus · Accepted Answer

Interpretations of the rules of conduct are issued as exposure drafts to the profession and others for comments before being finalized and approved by the FASB. This allows for public input and feedback before the rules are enforced. The other choices are incorrect as they do not accurately describe the process for interpreting and enforcing the rules of conduct.

Interpretations of the Rules of Conduct