Join William Joseph for an in-depth discussion in this video Federal corporate requirements for document retention, part of Learning Document Retention and Data Management.
- One federal law that requires specific mention…is the Sarbanes-Oxly Act,…which was enacted to require corporations…to retain certain information…that the federal government determined was…either being inadvertently or intentionally destroyed,…thereby preventing it's use in any federal proceeding.…Under the Sarbanes-Oxley Act,…it's a crime to intentionally destroy records…relevant to a federal investigation,…prosecution, or bankruptcy filing.…Or to destroy records to impair their use…in any official proceeding.…
Or to attempt to obstruct, influence,…or impede an official proceeding.…Similarly, it is a crime to intentionally destroy records…regarding an audit of an issuer of securities…prior to 5 years after the audit.…The Sarbanes-Oxley Act applies not only to corporations,…but also to their accountants.…Requiring any accountant who conducts an audit…of an issuer of securities,…that's an issuer of stock,…to maintain all audit and review paperwork…for a period of 5 years from the end of the fiscal period…in which the audit or review was conclued.…
- The golden rules of document and data retention
- Preserving knowledge, relationships, and achievements through documentation
- Federal and state requirements for retention
- Guidelines for tax records, contracts, and other documents
- Building a new policy
- Storage systems and tools to consider
By the end of the course, you'll be able to build a plan that satisfies all the requirements and also protects your company's proprietary information.
- Define document retention.
- Break down the golden rules of document management.
- Evaluate what types of documents need to be retained.
- Identify the legal requirements of document retention.
- Determine a good document retention policy.
- Distinguish an effective document retention policy.