Discusses the advantages and disadvantages of the FASB

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Question - Lobbying the FASB - One of your friends remarks, "I understand that before voting on an Update to Accounting Standards, the FASB allows written comments and oral presentations in which interested parties can lobby for a particular ruling. Do you think this is a good idea?"

Required - Prepare a written response that discusses the advantages and disadvantages of the FASB's allowing interested parties to provide input to its deliberative process.

Reference no: EM132879541

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