The Term "Due Process" Is Used in Various Settings to Describe

question 72

Essay

The term "due process" is used in various settings to describe the steps taken to ensure that an administrative matter receives the consideration required to adequately protect the interests of those involved.Due process is an integral part of the legal and legislative processes,for example.
The Financial Accounting Standards Board (FASB)also uses a set of due process procedures to ensure that the interests of its constituents are considered in the development of accounting standards.
Required:
Identify the steps in the set of due process procedures used by the FASB.

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Definitions:

High Conscientiousness

A distinctive feature highlighting a person's competence in being orderly, dependable, and having a solid sense of commitment.

High Neuroticism

A personality trait marked by emotional instability, anxiety, moodiness, irritability, and sadness.

High Agreeableness

High Agreeableness is a personality trait that involves a proclivity towards cooperation, trust, and empathy towards others, often leading to harmonious social interactions.

Big Five Traits

A model in psychology that describes personality using five broad factors: openness, conscientiousness, extraversion, agreeableness, and neuroticism.