ethics q - record retention

follow, actual, ethics, records, maintain

if local law says i must maintain records for 5 years, what do i do?

follow that law? or cfai recommendation of 7 years?

note that the 7 years is a RECOMMENDATION, not an actual part of the standards...so would i be ok to do 5 years?

giants2010

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2^#

发表于 2011-7-13 16:52 | 只看该作者

I think the exact standard says.... in the absence of local law... CFAi recommends 7 years

IMO you are not in violation for following the local law as the CFAi is simply providing you with a guideline or recommendation in absence of any other guidance from local authorities.

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Otabek

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3^#

发表于 2011-7-13 16:52 | 只看该作者

this stuff always messes me up....

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kingstongal

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4^#

发表于 2011-7-13 16:52 | 只看该作者

well this freakin standard, which says that in the absence of local law do 7 years, conflicts with standard I, which says to always do the more stricter of the the CFAI and local laws

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chaojimali