Internal Revenue Code (IRC): Federal tax law that governs tax reporting requirements and compliance standards for accounting services
Securities Exchange Act of 1934: Federal law governing securities trading and financial reporting requirements for public companies
Sarbanes-Oxley Act 2002 (SOX): Federal law establishing enhanced standards for corporate accountability and financial disclosures
Gramm-Leach-Bliley Act (GLBA): Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
AICPA Professional Standards: Professional guidelines and ethical requirements set by the American Institute of Certified Public Accountants
Generally Accepted Accounting Principles (GAAP): Standard set of accounting principles, standards, and procedures that companies must follow
Statements on Standards for Accounting and Review Services (SSARS): Professional standards for CPAs performing accounting and review services
State Accountancy Laws: State-specific regulations governing accounting practice, licensing, and professional conduct
State Privacy Laws: State-specific requirements for handling and protecting personal and financial information
California Consumer Privacy Act (CCPA): Comprehensive state privacy law affecting businesses handling California residents' personal information
Fair Labor Standards Act (FLSA): Federal law establishing wage, overtime, and employment standards
Uniform Commercial Code (UCC): Standard set of business laws governing commercial transactions
Professional Liability Insurance Requirements: State and professional standards for maintaining appropriate liability insurance coverage
Client Confidentiality Requirements: Professional and legal obligations to maintain client information confidentiality
Trade Secrets Protection: Legal framework for protecting proprietary business information and trade secrets
