标题: ethics q - record retention [打印本页] 作者: mamuka12 时间: 2011-7-13 16:52 标题: ethics q - record retention
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?作者: giants2010 时间: 2011-7-13 16:52
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.作者: Otabek 时间: 2011-7-13 16:52
this stuff always messes me up....作者: kingstongal 时间: 2011-7-13 16:52
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作者: chaojimali 时间: 2011-7-13 16:52
You would want to keep them 7 yrs, but I dont think you would be in violation to keep them 6 yrs...作者: ayodayo 时间: 2011-7-13 16:52
Follow the law. I saw a CFAI question like that. 5 years was ok, as the local law required 5 years.
