NAPLIA's Professional Liability Blog / Resources / Articles

Email Retention- Does your firm have a policy?

Posted by Tom Henell on Mon, Jun 04, 2012 @ 03:33 PM

Email has become the De facto tool for professional and personal communication.  However, the ease with which we use email also creates significant exposure to our firms.  The use of "E-discovery" is increasing in the courts, and many firms wait until it is too late to address important internal policies.

Roman Kepczyk, CPA.CITP does a great job in this article to outline the exposures created by email and the importance of a solid email retention policy. 

In addition, see NAPLIA's resources on Record Retention here

Tags: accountants, cpas, file retention, email retention

Retention of Client Records - Sample policy & FAQ's

Posted by Tom Henell on Fri, Jan 27, 2012 @ 11:01 AM

Concern about how long engagement files should be retained is a common issue among Accounting firms.  There is frequently a conflict between the desire to discard older files to free up storage space, and the inherent reluctance to discard documents which contain a detailed record of the work which you have performed. 

There are very few rules established in law for file retention by accountants.  However, this information is intended to help provide some guidance in developing internal record retention standards for your firm.

Read More - Including Sample File Retention Policy and Receipt for Client Records

File Retention - FAQ's

Tags: accountants, cpas, file retention, engagement letters