The guidelines that accountants must follow in conducting an audit are the:

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Generally accepted auditing standards (GAAS) are the guidelines that accountants must follow in conducting an audit. GAAS are established by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) and provide a framework for conducting high-quality audits. Generally accepted accounting principles (GAAP) are guidelines for financial reporting, not for conducting an audit. The Securities and Exchange Commission and Department of Treasury have their own guidelines and regulations, but they do not provide specific guidance for conducting an audit.

The Guidelines That Accountants Must Follow in Conducting an Audit