I’m seeing this morning that IRS is claiming they only keep tape backup for six months.
Can’t wait to see how that plays out —
So what if backups are only kept six months?
The drive fails, a new drive is installed, data is restored. Bam. Done. Did Lerner go without a drive for two years? Of course not.
Don’t fall for the diversionary nonsense they spout as they drag you into the weeds.
Yet they require us to keep 7 years worth of recors...
The Sarbanes – Oxley Act, SEC 17CFR, section 210.2-06, requires that work papers and other documents that form the basis of an audit or review, including memos, correspondence and e-mail which contain opinions, analysis or financial data, including those that are inconsistent with the auditor’s final opinion, be retained for a period of 7 years.