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A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other). Retention periods vary with ...
Records management is the process of ensuring that in whatever form, records are maintained and managed economically, effectively and efficiently throughout their life cycle in the organization. Information governance is the protection of records from access by individuals that are not supposed to access the records.
In the U.S., the IRS prescribes the duration for which the accounting records need to be maintained and provides records retention guidelines in Code Section 6001 and Publication 583. Some records such as CPAs' and auditors' statements are considered permanent records, while some such as a list of accounts payable and employment applications ...
An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period, such as when a project ends, a product line is retired, or the end of a fiscal reporting period is reached. These records may hold business, legal, fiscal, or historical value for the entity ...
Schemes for data retention do not make provisions for adequate regulation of the data retention process and for independent judicial oversight. [citation needed] Data retention is an invasion of privacy and a disproportionate response to the threat of terrorism. [citation needed] It is easy for terrorists to avoid having their communications ...
The society organises meetings and an annual conference, publishes the bi-monthly Record Management Bulletin containing comment, analysis, case studies and news from the UK and international information and records management scene, produces information guides on issues such as records retention and information technology, and runs training ...
Records management professionals in designing comprehensive and effective records management programs. The principles identify the critical hallmarks of information governance, which Gartner describes as an accountability framework that "includes the processes, roles, standards, and metrics that ensure the effective and efficient use of ...
In practice, the requirements on access controls are the only part routinely enforced [citation needed]. The "predicate rules", which required organizations to keep records in the first place, are still in effect. If electronic records are illegible, inaccessible, or corrupted, manufacturers are still subject to those requirements.
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