Accounting standard-setters use the following process in establishing accounting standards:. A. Discussion paper, research, exposure draft, standard. B. Research, preliminary views, discussion paper, standard. C. Research, exposure draft, discussion paper, standard. D. Research, discussion paper, exposure draft, standard.

Option D Research, discussion paper, exposure draft, standard.

Explanation:

The reason is that the International Accounting Standard Board conducts the research which includes the issues arising in the current standard due to advancement in environment. This requires that the company consider all the valuable suggestions fromt the professionals around the world. After a great discussion, the IASB chooses the best recommendations and publishes exposure draft which to review the judgement made. After careful review of the exposure, IASB issues new international accounting standard which results in abandoning the application of previous international accounting standard in two years time and opting to the new international accounting standard.

D. Research, discussion paper, exposure draft, standard.

Explanation:

Accounting standards are used for financial reporting, they are set of principles (standards and procedures) that most be followed in other to achieve the basis of financial accounting policies and practices which would lead to a transparent financial report.

The processes are first done by RESEARCHING paper to get ready known knowledge, DISCUSSING the researched context within professionals, EXPOSING the already know facts and also bringing new cocepts then finally setting the required STANDARDS.