SAS no. 103 establishes standards and provides guidance for auditors to follow when documenting their work during audits of private companies. It is effective for audits of financial statements of ...

NFRA requires statutory auditors to assemble, archive, and submit audit files promptly, ensuring audit documentation is authentic, complete, and retrievable under professional ...

The current TILA-RESPA ruling clearly states that certain records must be retained for a certain number of years. But the real concern is what isn’t covered: the information related to the process ...

The American Institute of Certified Public Accountants issued a plan advisory that reminds plan sponsors of ERISA record retention rules and also offers best practices for protecting personal ...

Generally, it's advisable to keep individual tax returns for a minimum of three years. This is primarily due to the Internal Revenue Service (IRS) having three years from your filing date to audit ...