Literary Warrant for Functional Requirement #1
This requirement derives from the law, customs, standards and
professional best practices accepted by society and codified in the literature of different professions concerned with records and
recordkeeping. The warrant is as follows:
Citation Statements on Auditing Standards 55. Consideration of the Internal Control Structure in Financial
Statement Audit
Pages 12
Extract The applicability and importance of specific control environment factors, accounting system
methods and records, and control procedures that an entity establishes should be considered in the cont
Extract of -... It applicable legal and regulatory requirements.
Citation Electronic Industry Data Exchange. ASC 12 Convention : Version 3 : Electronic Industry Data
Guidelines. Washington Publishing Co., 1994.
Pages 14-15
Extract When implementing EDI, users and their counsel should consider whether any special laws, rules
or regulations apply to the users such as utilities and government contractors should carefully consider
whether regulations applicable to them restrict the implementation of EDI. It is not uncommon, for
example, for government regulations to be written to require (or at least be construable to require)
documents written on paper or ink signature.
Citation Institute of Internal Auditors Research Foundation. Systems Auditability and Control Report.
Module 2 Audit and Control Environment
Pages 2-5
Extract Federal, state, and local laws govern the way businesses are conducted. In establishing the way
businesses are conducted. In establishing the control environment and procedure, the need to operate
within these constraints and legal requirements should be taken into account.
Citation Institute of Internal Auditors Research Foundation. Systems Auditability and Control Report.
Module 2 Audit and Control Environment
Pages 2-36
Extract The second level of QA [Quality Assurance] rests with the director of audit, who is responsible for
the following...Ensuring that the audit effort compiles with appropriate standards and regulatory
requirements.
Citation American Institute of Certified Public Accountants. Statements on Auditing Standards 55.
Consideration of the Internal Control Structure in a Financial Statement Audit. Appendix A
Pages .9
Extract External Influences. These are influences established and exercised by parties outside an entity
that affect an entity's operations and practices. They include monitoring and compliance requirements
imposed by legislative and regulatory bodies.
Citation "Procedures and General Requirements" `NVLAP' National Voluntary Laboratory Accreditation
Program (U.S. Department of Commerce/Technology Administration and National Institute of Standards
and Technology, NIST Handbook 150)
Pages 27
Extract (1) The laboratory shall maintain a record system to suit its particular circumstances and comply
with any applicable regulations. It shall retain on record all original observations, calculations and
derived data, calibration records and a copy of the calibration certificate, test certificate or test report for
an appropriate period. The records for each calibration and test shall contain sufficient information to
permit their repetition. The records shall include the identity of personnel involved in sampling,
preparation, calibration or testing.
Citation Performance Guideline for the Legal Acceptance of Records Produced by Information Technology
Systems:"Part III: Implementation of the Performance Guideline for the Legal Acceptance of Records
Produced by Information Technology Systems;" Technical Report ANSI/AIIM TR31-1994; Association
for Information and Image Management.
Pages 4
Extract With the a ID of the organization's legal counsel, the pertinent recordkeeping statues, regulations,
rules, and policies with which the organization must comply should be identified, compiled, and
included with the system documentation. (Note: Regulations and rules also have the force of law.) A
review of these laws and policies should be conducted and a determination made as to which
organizational unit is responsible for assuring compliance with their various provisions.
Citation 20 USC Sec. 1082 - Education. Chapter 28 - Higher Education Resources and Student Assistance.
Subchapter IV - Student Assistance
Extract (4) Audit procedures In conducting audits pursuant to this subsection, the Comptroller General and
the Inspector General of the Department of Education shall audit the records to determine the extent to
which they, at a minimum, comply with Federal statutes, and rules and regulations prescribed by the
Secretary, in effect at the time that the record was made, and in no case shall the Comptroller General
or the Inspector General apply subsequently determined standards, procedures, or regulations to the
records of such agency, lender, or Authority.