As mandated by section 802 of the Sarbanes-Oxley Act of 2002, companies must have a clear record retention policy in place where records are assigned a set retention schedule.
This applies to:
All such documents must be retained for a period of 7 years after an audit is performed. Issuers' financial statements and the financial statements of registered investment companies are also subject to retention rules and schedules.
Individual documents or a batch of documents can be marked for retention which prevents accidental or deliberate deletion. Documents and Records marked "Vital" and "Permanent" are automatically retained.
To read more about Retention and Disposition Settings in infoRouter, navigate to our help pages.
For a full list of features, navigate to the Document Management Features page.