Internal Revenue Code (IRC): Federal requirements for financial record-keeping and tax reporting obligations that bookkeepers must comply with
Bank Secrecy Act (BSA): Federal law requiring financial record-keeping and reporting of suspicious transactions for anti-money laundering purposes
Sarbanes-Oxley Act (SOX): Federal law establishing enhanced standards for public company financial reporting and corporate governance
Fair Labor Standards Act (FLSA): Federal law governing payroll-related services, including minimum wage, overtime, and record-keeping requirements
State Accountancy Laws: State-specific regulations governing accounting and bookkeeping practices, including licensing requirements
State Business and Professions Codes: State-specific regulations governing professional conduct and business operations
Generally Accepted Accounting Principles (GAAP): Standard framework of guidelines for financial accounting and reporting in the United States
AICPA Standards: Professional standards set by the American Institute of Certified Public Accountants for accounting services
Gramm-Leach-Bliley Act (GLBA): Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data
State Data Protection Laws: State-specific requirements for protecting client data and maintaining confidentiality
Professional Liability Insurance Requirements: State-specific requirements for maintaining professional liability insurance coverage
Uniform Commercial Code (UCC): Standardized set of business laws regulating financial contracts and transactions
Professional Confidentiality Obligations: Legal and ethical requirements for maintaining client confidentiality and protecting sensitive information
Consumer Protection Laws: State and federal laws governing fair business practices, billing, and service disclosure requirements
