Explain if there is generally a consensus or if there is disagreement between the commenting parties

Firstly, you are required to find a current exposure draft or proposal for a new accounting standard which has been opened for public comments. (These can be found on the websites of most standard-setting organisations, such as the IASB, AASB and FASB. Hint: These websites can be quite difficult to navigate, so as a first step try typing “IASB exposure draft and comment letters”/”FASB exposure draft and comment letters” into Google or other search engine of your choice). Read a sample of the comments from a range of respondents. Select four respondents, ideally from different types of organisations for example, from accounting bodies, industry, companies orcorporate bodies. If you are having a problem finding suitable comments letters then contact your subject coordinator. Introduce the major issues in the new standard b) Explain if there is generally a consensus or if there is disagreement between the commenting parties. Examine in detail why some parties may have a dissenting point of view. c) Analyse the assumptions behind public interest, private interest and capture theories and evaluate which one best explains each of the comment letters.