Sarbanes-Oxley Act (SOX) 2002: Federal legislation focusing on internal controls, particularly sections 302 and 404 which are crucial for cash receipt auditing procedures
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, particularly relevant for cash transaction reporting
Internal Revenue Code: Federal tax regulations that impact how cash receipts must be recorded, reported, and audited for tax compliance purposes
Generally Accepted Accounting Principles (GAAP): Standard framework of guidelines for financial accounting and reporting that must be followed in cash receipt documentation and auditing
Generally Accepted Auditing Standards (GAAS): Professional standards governing the conduct of financial audits, including specific procedures for cash receipt verification
PCAOB Standards: Standards issued by the Public Company Accounting Oversight Board that regulate the auditing of public company financial statements
AICPA Guidelines: Professional guidelines issued by the American Institute of Certified Public Accountants for conducting audits and maintaining professional standards
PCI DSS: Payment Card Industry Data Security Standard requirements for handling credit card transactions and related cash receipts
FDIC Requirements: Federal Deposit Insurance Corporation regulations governing banking transactions and cash handling procedures
State Accounting Standards: Specific accounting and auditing requirements that vary by state and must be incorporated into audit procedures
Anti-Money Laundering (AML) Regulations: Federal regulations designed to prevent money laundering through detailed transaction monitoring and reporting requirements
Know Your Customer (KYC): Requirements for verifying the identity of clients and assessing their risk factors in financial transactions
Foreign Corrupt Practices Act (FCPA): Federal law governing international business transactions and requiring specific controls for foreign cash receipts and payments
