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Schemes for data retention do not make provisions for adequate regulation of the data retention process and for independent judicial oversight. [citation needed] Data retention is an invasion of privacy and a disproportionate response to the threat of terrorism. [citation needed] It is easy for terrorists to avoid having their communications ...
An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period, such as when a project ends, a product line is retired, or the end of a fiscal reporting period is reached. These records may hold business, legal, fiscal, or historical value for the entity ...
Records management professionals in designing comprehensive and effective records management programs. The principles identify the critical hallmarks of information governance, which Gartner describes as an accountability framework that "includes the processes, roles, standards, and metrics that ensure the effective and efficient use of ...
Accounting records can be in physical or electronic formats. In some states, accounting bodies set rules on dealing with records from a presentation of financial statements or auditing perspective. Rules vary in different countries and different industries have specific record-keeping requirements.
Data holdings are generally the storage methods used in the past when data has been lost due to environmental and other historical disasters. [4] Furthermore, data retention differs from data preservation in the sense that by definition, to retain an object (data) is to hold or keep possession or use of the object. [7]
The record of the transaction is stored in a place where the retention can be guaranteed and where data is archived or removed following a retention period. Formats of recorded transactions can be digital data in databases and spreadsheets, or handwritten texts in physical documents like former bankbooks.
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other). Retention periods vary with ...
ILM encompasses every stage of a "record" from creation to disposal. While it is commonly associated to information that meets the formal definition of a record (and thus related to records management), it applies to all informational assets. During its existence, information may be designated as a record if it documents a business transaction ...