We study the decay processes B→Kπ by using generalized decay amplitudes with both the final state re-scattering strong phases and the topological quark diagrammatic strong phases included together as part of fitting parameters. Using a generalized approach, so called ``isospin phased topological approach'', for all the currently available data of B→Kπ decays, we determine the allowed values of the relevant theoretical parameters, corresponding to the electroweak penguin, the color-suppressed tree contribution, strong phase differences, etc. In order to find the most likely values of the parameters in a statistically reliable way, we use the χ2 minimization technique. We find that the long distance final state re-scattering, when taken at proper value, can provide a reasonable fit to the standard model with the perturbative QCD estimated values, and therefore, it is premature to conclude that it requires new physics to explain the CP violating B→Kπ data.