It’s important to have a Statement of Policy on Record Retention.
This is particularly so where you have a number of subsidiaries in different countries where they need to comply with various local regulation like the Inland Revenue. By having a clear-cut policy and procedure, you can demonstrate to outsiders that from the Head Office’s view point [...]
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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