Federal Securities Regulations: SEC regulations and requirements that may affect due diligence engagements, particularly if the client is a public company or the engagement involves securities transactions
Sarbanes-Oxley Act 2002: Federal law that sets requirements for all U.S. public company boards, management, and public accounting firms, including provisions for auditor independence and corporate responsibility
Internal Revenue Code: Federal tax regulations that may impact the scope and requirements of due diligence engagements involving tax matters or financial reviews
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, relevant for due diligence involving financial institutions
AICPA Professional Standards: Comprehensive set of professional standards that CPAs must follow, including ethical requirements, technical standards, and quality control
Statements on Standards for Attestation Engagements: Professional standards issued by AICPA that provide framework for attestation services performed by CPAs
Statements on Standards for Consulting Services: AICPA guidelines that establish standards for CPA consulting services, including due diligence engagements
AICPA Code of Professional Conduct: Ethical principles and rules that guide CPA behavior and professional responsibilities
State CPA Regulations: State-specific licensing requirements, professional standards, and conduct rules that vary by jurisdiction
Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
Professional Liability Standards: Legal standards defining CPA liability and professional responsibility, including state-specific liability limitations
Documentation Requirements: AICPA and state-specific standards for maintaining proper documentation and records retention in professional engagements
Independence Requirements: AICPA, SEC, and state-specific rules governing CPA independence in professional engagements, including conflicts of interest provisions
