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Internal Revenue Code (IRC): Federal tax code that governs income reporting and tax-related matters, which must be considered when confirming income figures

AICPA Professional Standards: Professional standards set by the American Institute of CPAs that govern how accountants should conduct their work and issue professional letters

Treasury Department Circular 230: Federal regulations that govern practice before the IRS, including requirements for written advice and representations

Fair Credit Reporting Act: Federal law that regulates the collection and reporting of credit information, relevant if the letter is being used for credit purposes

Generally Accepted Accounting Principles (GAAP): The standard framework of guidelines for financial accounting used in the United States

Statements on Standards for Tax Services (SSTS): Professional standards that govern tax practice and provide guidance for CPAs in tax matters

AICPA Code of Professional Conduct: Ethical guidelines that CPAs must follow in their professional practice, including principles of integrity and objectivity

Gramm-Leach-Bliley Act: Federal law requiring financial institutions to explain their information-sharing practices and protect sensitive data

State Board of Accountancy Regulations: State-specific rules governing CPA practice, including requirements for professional communications and attestations

Fair Labor Standards Act: Federal law governing employment standards, relevant when verifying employment-based income