We all know how quickly data can build within our organizations. Emails and physical files have a way of increasing exponentially. How to balance the need to store records with the cost of storing records?
Though you will want to consult your various business advisors, AICPA’s “A Practice Aid for Records Retention” helps you weed through some important considerations and think about the balance that makes sense for your organization. In addition, you’ll find flowcharts and example documents that you can use to inspire your own policies and procedures.