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Lorrin: The SEC changed the regulations by issuing a final rule in
January, 2003 which aligns the retention periods to 7 years. You can
get the final rule from the SEC webpage:
http://www.sec.gov/rules/final/33-8180.htm
A notice of this change was also posted on the ARMA webpage under the
Washington Policy Brief shortly after the final rule was issued.
Rae Cogar, Esq.
RCS Consulting
Hamburg, NY
-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of Lorrin Read, CRM
Subject: Re: Sarbanes-Oxley Act
The new Board formed by the SEC to monitor accounting firms is to keep
records for seven years, Title I Section 103 (a) (2) (A) (i). The actual
accounting firms are to keep records for five years, Title VIII Section
802
part 1520 (a) (1). Seems to be some conflict here. I believe this has
been
brought up to the SEC by a couple of folks from ARMA.
List archives at http://lists.ufl.edu/archives/recmgmt-l.html
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