What AR Should Know About Record Retention

Record Retention Regulations In the United States, federal and state laws govern how long AR must retain certain documents and business records. It would be prudent to periodically check record retention requirements and statute of limitations in each state where your company does business. Other countries have their own regulations regarding record retention. Federal legislation regarding record retention includes: Sarbanes-Oxley Act (SOX) - Passed by Congress in 2002, Sarbanes-Oxley was…