Incomplete question. The options;
a. The FASB has small membership.
b. The FASB board members are well paid.
c. The FASB board members must be CPAs.
d. The FASB engages in due process.
Answer:
d. The FASB engages in due process.
Step-by-step explanation:
Interestingly, the FASB (Financial Accounting Standards Board) issued standards involve more due process than previously issued standards.
For example, the board on a federal level provides detailed guidelines on how non-profits organizations, public companies, and private companies should report their financial information. By visiting the FASB website, we can find it's due process information.