Which of the Following Is Not a Part of the FASAB

question 59

Multiple Choice

Which of the following is not a part of the FASAB due process for establishing a federal financial accounting standard?

• A) Public comment on a discussion memorandum.
• B) Issuing an exposure draft.
• C) Unanimous approval by the FASAB.
• D) Support (or lack of opposition) of the standard by the three principals (Comptroller General, Secretary of the Treasury, and Director of the Office of Management and Budget).

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