Question

Which of the following best describes the idea that the FASB operates in full view of the public and gives interested parties ample opportunity to make their views known? a. Increased independence. b. Due process. c. Broader representation. d. Greater autonomy.

Answer 1

Answer:

b. Due process

Explanation:

The Financial Accounting Standards Board is a private organization whose primary purpose is to establish and improve Generally Accepted Accounting. According to my research on the FASB, I can say that based on the information provided within the question the term that best describes this idea is Due Process. This is basically the step by step procedure that FASB takes.

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