I am looking for information regarding Sarbanes-Oxley destruction of
records.  How long should records be kept? We are a nonprofit
organization and are trying to follow federal guidelines.

I am interested in seeing a sample destruction policy which
specifically addresses Sarbanes-Oxley.

I am not interested in having a generic document destruction policy,
we already have that in place.

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Request for Question Clarification by answerfinder-ga on 17 May 2006 01:45 PDT

Dear ashima_saigal-ga,

I believe that this document should answer your question, but I am
posting this as a clarification request to let you review it. Please
tell me if this is what you are seeking.

Document Retention After Sarbanes-Oxley

?the Sarbanes-Oxley Act of 2002 and related SEC regulations, which,
among other requirements, mandate that auditors maintain workpapers
and other audit or review records for seven years from the conclusion
of the audit or review;?

See also this paragraph,
?How Does the Sarbanes-Oxley Act Affect Companies' Document Retention Obligations??

http://www.perkinscoie.com/content/ren/updates/corp/093003.htm

answerfinder-ga

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Request for Question Clarification by answerfinder-ga on 17 May 2006 01:51 PDT

The pdf titled 'The Sarbanes-Oxley Act and Implications for Nonprofit
Organizations' will be also of use.

"RECOMMENDATIONS
A nonprofit organization should have a written, mandatory document retention and
periodic destruction policy. Such a policy also helps limit accidental
or innocent destruction. The document retention policy should include
guidelines for handling electronic files and voicemail. Electronic
documents and voicemail messages have the same status as paper files
in litigation-related cases. The policy should also cover back-up
procedures, archiving of documents, and regular check-ups of the
reliability of the system. If an official nvestigation is underway or
even suspected, nonprofit management must stop any document purging in
order to avoid criminal obstruction charges."
http://www.independentsector.org/PDFs/sarbanesoxley.pdf

Once again, let me know if this answers your question.
answerfinder-ga

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Request for Question Clarification by answerfinder-ga on 17 May 2006 01:52 PDT

This page has several other resources.
http://www.independentsector.org/issues/sarbanesoxley.html