The Audit Retention Policy serves as a critical compliance document that organizations implement to manage their audit-related records effectively. This document becomes necessary when organizations need to establish systematic procedures for maintaining audit documentation in accordance with various U.S. regulatory requirements, including SOX, SEC regulations, and state-specific laws. The policy ensures that audit records are retained for appropriate periods, stored securely, and disposed of properly when no longer needed, while maintaining compliance with legal and regulatory obligations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let ¶¶Òõ¶ÌÊÓƵ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Purpose and Scope: Defines the objectives and scope of the audit retention policy, including the types of records covered
2. Definitions: Key terms used throughout the policy including audit records, retention period, destruction, and storage methods
3. Retention Periods: Specific timeframes for different types of audit documents, aligned with regulatory requirements
4. Storage and Security: Requirements for secure storage of audit documents, including physical and electronic storage protocols
5. Destruction Procedures: Protocols for proper document destruction after retention period, including methods and documentation
1. International Considerations: Additional requirements for organizations operating across multiple jurisdictions, including international data transfer and storage requirements
2. Electronic Records Management: Specific procedures for digital audit records, including backup procedures, access controls, and electronic storage requirements
3. Industry-Specific Requirements: Additional retention requirements specific to regulated industries such as healthcare, banking, or government contracting
1. Retention Schedule Matrix: Detailed table listing all document types and their specific retention periods, organized by category
2. Document Destruction Log: Template for recording the destruction of documents, including date, method, and authorization
3. Regulatory Requirements Reference: Comprehensive list of applicable laws, regulations, and professional standards affecting retention periods
4. Storage Location Index: Detailed mapping of physical and digital storage locations for audit documents, including access protocols
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Corporate Retention Policy
A U.S.-compliant policy document establishing guidelines for maintaining and disposing of business records in accordance with federal and state regulations.
find out more
Contract Retention Policy
A policy document outlining requirements for contract storage and retention periods under U.S. federal and state regulations.
find out more
Audit Retention Policy
A U.S.-compliant policy document establishing guidelines for maintaining and disposing of audit-related records in accordance with federal and state regulations.
find out more
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)