Arrange the following according to the correct sequence. 46. IASB Due Process 1. An exposure draft, which is IASB’s main vehicle for consulting the public, is published for public comment. 2. All comments received on discussion document and exposure draft are considered. 3. Topics are identified and placed on IASB’s agenda. 4. After the due process is completed, all outstanding issues are resolved, and the IASB members have balloted in favor of publication, the IFRS is issued. 5. After comments on the first exposure draft have been effected, the IASB considers whether to publish its revised proposals for another round of comments.
Arrange the following according to the correct sequence. 46. IASB Due Process 1. An exposure draft, which is IASB’s main vehicle for consulting the public, is published for public comment. 2. All comments received on discussion document and exposure draft are considered. 3. Topics are identified and placed on IASB’s agenda. 4. After the due process is completed, all outstanding issues are resolved, and the IASB members have balloted in favor of publication, the IFRS is issued. 5. After comments on the first exposure draft have been effected, the IASB considers whether to publish its revised proposals for another round of comments.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter1: The Demand For And Supply Of Financial Accounting Information
Section: Chapter Questions
Problem 5C: One of your friends remarks, I understand that before voting on an Update to Accounting Standards,...
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- Arrange the following according to the correct sequence.
46. IASB Due Process
1. An exposure draft, which is IASB’s main vehicle for consulting the public, is published for
public comment.
2. All comments received on discussion document and exposure draft are considered.
3. Topics are identified and placed on IASB’s agenda.
4. After the due process is completed, all outstanding issues are resolved, and the IASB
members have balloted in favor of publication, the IFRS is issued.
5. After comments on the first exposure draft have been effected, the IASB considers whether
to publish its revised proposals for another round of comments.
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