Securities Exchange Act 1934: Federal law governing securities trading and requiring periodic reporting by public companies. Essential for analytical reviews involving publicly traded entities.
Sarbanes-Oxley Act 2002: Federal law establishing enhanced standards for corporate governance, financial disclosure, and internal controls. Critical for ensuring compliance in analytical review procedures.
GAAS: Generally Accepted Auditing Standards - Professional standards for conducting audits and reviews, providing framework for preliminary analytical procedures.
GAAP: Generally Accepted Accounting Principles - Standardized accounting principles that must be considered when reviewing financial information.
AICPA Professional Standards: Professional guidelines and requirements established by the American Institute of CPAs, particularly AU-C sections relevant to analytical procedures.
PCAOB Auditing Standards: Standards set by the Public Company Accounting Oversight Board, especially AS 2110 for risk assessment procedures.
SSARS: Statement on Standards for Accounting and Review Services - Professional standards for review engagements and analytical procedures.
SEC Regulations: Securities and Exchange Commission regulations governing public company reporting and disclosure requirements.
Federal Reserve Requirements: Banking regulations and requirements that may affect analytical procedures for financial institutions.
FDIC Requirements: Federal Deposit Insurance Corporation regulations affecting banks and financial institutions subject to review.
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain information-sharing practices and protect sensitive data during review processes.
State Privacy Laws: Various state-specific regulations governing data privacy and protection during analytical review procedures.
Professional Liability Laws: State-specific laws governing professional liability and malpractice in the context of analytical reviews and professional services.
