Sarbanes-Oxley Act 2002: Federal law establishing enhanced standards for public company boards, management, and accounting firms, including requirements for internal controls and financial reporting.
Securities Exchange Act 1934: Federal law governing securities trading and requiring periodic reporting for public companies, including financial statement requirements.
GAAP: Generally Accepted Accounting Principles - The standard framework of guidelines for financial accounting and reporting in the United States.
GAAS: Generally Accepted Auditing Standards - Professional standards for conducting audits of financial statements.
Internal Revenue Code: Federal tax law that must be considered when reviewing financial statements and tax-related items during audits.
AICPA Standards: Professional standards set by the American Institute of CPAs governing audit conduct and reporting.
PCAOB Standards: Standards set by the Public Company Accounting Oversight Board for auditing public companies.
International Standards on Auditing: Global standards for conducting audits, which may be relevant for companies with international operations.
SEC Regulations: Securities and Exchange Commission requirements for public company reporting and disclosure.
State Accounting Board Regulations: State-specific requirements governing accounting and auditing practices within individual states.
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data.
Documentation Standards: Requirements for maintaining proper audit documentation, working papers, and evidence to support audit conclusions.
