Question: 1. Should constituents have input into the FASB decisions, or should the FASE neutrally and independently set standards?
2. Explain how the role and form of research used by the APB and FASB differ.
3. What is the importance of the FAF and FASAG, to the success of the FASB?
4. The three attempts at standard setting in the private sector (CAP, APB, . arid FASB) have all dealt with the need for "a theoretical foundation, Why were the CAP and the APB unsuccessful at this endeavor?