Sarbanes-Oxley Act: Federal legislation requiring specific internal controls and financial reporting standards, particularly relevant for petty cash management and documentation
IRS Regulations: Federal tax regulations governing record-keeping requirements for cash transactions and business expenses
Bank Secrecy Act: Federal law requiring reporting and documentation of cash transactions to prevent money laundering
Anti-Money Laundering Regulations: Federal regulations designed to prevent the conversion of illegally obtained money into legitimate assets
State Cash Handling Laws: Varying state-specific regulations governing how businesses must handle, store, and document cash transactions
State Record Retention Requirements: State-specific laws dictating how long financial records must be maintained and in what format
State Internal Control Requirements: State-specific regulations regarding internal control systems for business operations
GAAS: Generally Accepted Auditing Standards providing framework for conducting financial audits in the United States
AICPA Standards: Professional standards set by the American Institute of Certified Public Accountants for accounting and auditing practices
COSO Framework: Internal Control Framework from Committee of Sponsoring Organizations providing guidance on internal control systems
Industry-Specific Regulations: Specialized requirements for particular sectors such as government contractors or financial institutions regarding cash handling
Corporate Governance Requirements: Internal company policies and procedures that must be incorporated into the audit program
