GAAP Compliance: Generally Accepted Accounting Principles that provide the framework for financial accounting and reporting standards in the US
Internal Revenue Code: Federal tax regulations governing the treatment of credit notes for tax purposes and reporting requirements
Sarbanes-Oxley Act: Requirements for public companies regarding internal controls and financial reporting accuracy, including credit note processes
SEC Regulations: Securities and Exchange Commission rules affecting financial reporting and disclosure requirements for public companies
State Tax Regulations: State-specific tax laws and requirements for credit note handling and reporting
State Commercial Codes: State-specific commercial laws governing business transactions and documentation requirements
Fair Credit Billing Act: Federal law establishing procedures for resolving billing errors and credit-related disputes
Truth in Lending Act: Federal requirements for disclosure of credit terms and consumer protection in credit transactions
FTC Act: Federal Trade Commission regulations protecting consumers from unfair or deceptive business practices
Record Retention Requirements: Federal and state requirements for maintaining business records, including duration and format of storage
Industry-Specific Standards: Sector-specific accounting and reporting requirements that may affect credit note policies
Documentation Requirements: Specific requirements for information that must be included in credit notes and supporting documentation
