Sarbanes-Oxley Act (SOX): Federal law that requires strict internal controls, accurate financial reporting, and documentation of control procedures, particularly under Section 404. Essential for cash count audit documentation and control systems.
Generally Accepted Accounting Principles (GAAP): Framework establishing cash handling and reporting standards, documentation requirements, and reconciliation procedures that must be followed in cash count audits.
Bank Secrecy Act (BSA): Federal law establishing cash transaction reporting requirements, record-keeping standards, and mandatory reporting of suspicious activities.
Internal Revenue Service (IRS) Regulations: Federal tax regulations governing cash reporting requirements, record retention, and mandatory reporting of cash transactions over $10,000 (Form 8300).
State-Specific Cash Handling Laws: Various state-level regulations that may include specific documentation requirements and state audit standards for cash handling and reporting.
Federal Deposit Insurance Corporation (FDIC) Guidelines: Federal guidelines establishing cash management procedures, documentation requirements, and security protocols for handling cash.
AICPA Standards: Professional standards set by the American Institute of Certified Public Accountants covering audit documentation, professional requirements, and quality control standards for cash audits.
