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18 December, 17:42

Accounting standard-setters use the following process in establishing accounting standards:

a. Research, exposure draft, discussion paper, standard.

b. Discussion paper, research, exposure draft, standard.

d. Research, discussion paper, exposure draft, standard.

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  1. 18 December, 21:32
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    Accounting standard-setters such as International Accounting Standards Board, use the following process in establishing accounting standards:

    Research-discussion paper-exposure draft - standard

    As a result, option D is correct.

    Explanation:

    When a new standard is envisaged, rigorous research is undertaking, followed by the call for experts to submit discussion papers from exposure draft is crafted before a standard is finalized.
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