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.c. Research, preliminary views, discussion paper, standard.d. Research, discussion paper, exposure draft, standard.

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter17: Other Services Provided By Audit Firms
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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.
c. Research, preliminary views, discussion paper, standard.
d. Research, discussion paper, exposure draft, standard.

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