¶¶Òõ¶ÌÊÓƵ

All Countries
Compliance
Audit Retention Policy

Audit Retention Policy Template for New Zealand

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Audit Retention Policy

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Audit Retention Policy

"Need an Audit Retention Policy for our multinational financial services firm based in Auckland, compliant with New Zealand regulations while accommodating our operations in Asia-Pacific regions, to be implemented by March 2025."

Celebrated by
Collaborations with
Investors
Document background
This Audit Retention Policy serves as a critical governance document for organizations operating in New Zealand, establishing mandatory procedures for maintaining and managing audit-related records. The policy is essential for ensuring compliance with New Zealand's regulatory framework, including the Companies Act 1993, Tax Administration Act 1994, and Financial Reporting Act 2013, which mandate specific retention periods for various business records. Organizations implement this policy to standardize their approach to audit record management, define responsibilities, and ensure consistent practices across all departments. The Audit Retention Policy includes comprehensive guidelines for both physical and electronic records, incorporating security measures, access controls, and disposal procedures while addressing privacy considerations and electronic transaction requirements under New Zealand law.
Suggested Sections

1. Purpose and Scope: Defines the objective of the policy and its application across the organization

2. Definitions: Key terms used throughout the policy including types of audit records, retention periods, and relevant terminology

3. Legal and Regulatory Framework: Overview of applicable laws, regulations, and standards governing audit record retention

4. Roles and Responsibilities: Defines who is responsible for maintaining, protecting, and disposing of audit records

5. Record Classification: Categories of audit records and their respective retention requirements

6. Retention Periods: Specific timeframes for keeping different types of audit records

7. Storage and Security: Requirements for secure storage of both physical and electronic audit records

8. Access Control: Procedures for accessing audit records and maintaining their confidentiality

9. Disposal and Destruction: Procedures for proper disposal of audit records after retention period expires

10. Compliance and Monitoring: Processes for ensuring adherence to the policy and regular review of compliance

11. Policy Review: Frequency and process for reviewing and updating the policy

Optional Sections

1. International Operations: Additional requirements for organizations operating across multiple jurisdictions

2. Industry-Specific Requirements: Special retention requirements for specific industries (e.g., financial services, healthcare)

3. Digital Transformation: Procedures for converting physical records to electronic format

4. Disaster Recovery: Procedures for protecting and recovering audit records in case of disasters

5. Third-Party Auditor Access: Procedures for providing access to external auditors

6. Cloud Storage Requirements: Specific requirements for cloud-based storage of audit records

Suggested Schedules

1. Retention Schedule: Detailed matrix of record types and their specific retention periods

2. Document Classification Guide: Detailed guide for classifying different types of audit documents

3. Security Controls Checklist: List of required security measures for different types of audit records

4. Disposal Procedures: Step-by-step procedures for proper disposal of different types of records

5. Access Authorization Matrix: Matrix showing authorized access levels for different roles

6. Record Storage Locations: List of approved storage locations and their security features

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































Clauses

























Relevant Industries

Financial Services

Healthcare

Public Sector

Manufacturing

Professional Services

Education

Technology

Retail

Non-Profit Organizations

Construction

Mining

Transportation and Logistics

Energy and Utilities

Telecommunications

Relevant Teams

Internal Audit

Finance

Compliance

Legal

Information Technology

Records Management

Risk Management

Operations

Quality Assurance

Information Security

Data Management

Corporate Governance

Relevant Roles

Chief Financial Officer

Compliance Manager

Records Manager

Internal Audit Director

Risk Manager

IT Security Manager

Quality Assurance Manager

Finance Director

Corporate Secretary

Legal Counsel

Operations Manager

Department Head

Data Protection Officer

Information Management Officer

Audit Committee Chair

Chief Executive Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Corporate Retention Policy

A New Zealand-compliant policy document establishing guidelines for organizational record retention, maintenance, and disposal procedures.

find out more

Contract Retention Policy

A comprehensive Contract Retention Policy aligned with New Zealand legislation, establishing procedures for managing contractual documents throughout their lifecycle.

find out more

Audit Retention Policy

An internal policy document outlining audit record retention requirements and procedures in compliance with New Zealand legislation and regulatory standards.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.