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Retention polices for paper records and electronic
records are quite similar. The difference being
there are more electronic records to deal with.
However, defining what a business record is, and
how long it should be kept can end up being a debate.
Defining a business
record is different for each organization. Hence,
if your organization has multiple divisions such
as human resources, accounting and engineering,
those divisions will have different ideas about
what a business record is and how it relates
to their areas of expertise. State and Federal
government regulations help define what data
has to be retained and what can be discarded.
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