... ABSTRACT Due Process and the Development of Financial Accounting Standards: An Exploration of Comment Letters and Their Influence on Financial Accounting Standards by Douglas P Letsch M.B.A in Accounting, ... standard The population of financial accounting standards with more than 50 due process comment letters was broad This second financial accounting standard and the 25 randomly selected comment letters ... process at the FASB is part of the mission of the organization, which is, ―to establish and improve standards of financial accounting and reporting for the guidance and education of the public,...