Business record

business record is a document (hard copy or digital) that records a business dealing. Business records include meeting minutes , memoranda , employment contracts , and accounting .

It must be retrievable at a later date so that the business dealings can accurately reviewed as required. Since then, it has been a matter of time and effort, and it has always been a good idea to have a record of the past.

Most business records have specified retention periods based on legal requirements and / or internal company policies. This is important because in many countries (including the United States) many documents may be required by law to be disclosed to government regulatory agencies or to the general public. Likewise, they may be discoverable if the business is sued . Under the business records exception in the Federal Rules of Evidence , some kinds of business records, PARTICULARLY Those made and kept with regularity, May be regarded admissible in court DESPITE Containing hearsay .

See also

  • Records management
  • Information governance
  • Regulation Fair Disclosure
  • Sarbanes-Oxley Act

Resources

  • ARMA International – Association of Records Managers and Administrators
  • AIIM – Association for Information and Image Management

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