Parties Involved in Standard Setting Four organizations: 。 Securities and Exchange Commission (SEC) American Institute of Certified Public Accountants(AICPA) Financial Accounting Standards Board (FASB) Government Accounting Standards Board (GASB) Chapter LO 6 Identify the major policy-setting bodies and 1-3 their role in the standard-setting process.Chapter 1-3 • Securities and Exchange Commission (SEC) • American Institute of Certified Public Accountants (AICPA) • Financial Accounting Standards Board (FASB) • Government Accounting Standards Board (GASB)