The guidelines that describe the rules of accounting are called:

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GAAP (Generally Accepted Accounting Principles) are the guidelines that describe the rules of accounting. GAAS (Generally Accepted Auditing Standards) are a set of guidelines for conducting audits. FASB (Financial Accounting Standards Board) is a private organization that sets accounting standards in the United States. SEC (Securities and Exchange Commission) is a government agency that oversees the securities industry and enforces financial reporting requirements.

The Guidelines That Describe the Rules of Accounting Are Called