It must be retrievable at a later date so that the business dealings can be accurately reviewed as required. Since business is dependent upon confidence and trust, not only must the record be accurate and easily retrieved, but the processes surrounding its creation and retrieval must be perceived by customers and the business community to consistently deliver a full and accurate record with no gaps or additions.[2]
Most business records have specified retention periods based on legal requirements and/or internal company policies. This is important because in many countries (including the United States), many documents may be required by law to be disclosed to government regulatory agencies or to the general public. Likewise, they may be discoverable if the business is sued. Under the business records exception in the Federal Rules of Evidence, certain types of business records, particularly those made and kept with regularity, may be considered admissible in court despite containing hearsay.[3]
^(State), California. California. Court of Appeal (1st Appellate District). Records and Briefs: 5CIV5934, Appellant's Opening. p. 36.
^Packard, Silas Sadler (1872). A Complete Course of Business Training ... Adapted to Use in Business Colleges. The Author. p. 38.
^Foreign Evidence Rules Amendment: Hearing Before the Subcommittee on Criminal Justice of the Committee on the Judiciary, House of Representatives, Ninety-eighth Congress, Second Session, on H.R. 5406 ... April 25, 1984. U.S. Government Printing Office. 1986. p. 5.
Resourcesedit
ARMA International - Association of Records Managers and Administrators 2012-10-19 at the Wayback Machine
AIIM - Association for Information and Image Management
This business-related article is a stub. You can help Wikipedia by expanding it.
business, record, look, business, record, wiktionary, free, dictionary, business, record, document, hard, copy, digital, that, records, condition, event, related, business, include, meeting, minutes, memoranda, employment, contracts, accounting, source, docume. Look up business record in Wiktionary the free dictionary A business record is a document hard copy or digital that records an act condition or event 1 related to business Business records include meeting minutes memoranda employment contracts and accounting source documents It must be retrievable at a later date so that the business dealings can be accurately reviewed as required Since business is dependent upon confidence and trust not only must the record be accurate and easily retrieved but the processes surrounding its creation and retrieval must be perceived by customers and the business community to consistently deliver a full and accurate record with no gaps or additions 2 Most business records have specified retention periods based on legal requirements and or internal company policies This is important because in many countries including the United States many documents may be required by law to be disclosed to government regulatory agencies or to the general public Likewise they may be discoverable if the business is sued Under the business records exception in the Federal Rules of Evidence certain types of business records particularly those made and kept with regularity may be considered admissible in court despite containing hearsay 3 See also editRecords management Information governance Regulation Fair Disclosure Sarbanes Oxley ActReferences edit State California California Court of Appeal 1st Appellate District Records and Briefs 5CIV5934 Appellant s Opening p 36 Packard Silas Sadler 1872 A Complete Course of Business Training Adapted to Use in Business Colleges The Author p 38 Foreign Evidence Rules Amendment Hearing Before the Subcommittee on Criminal Justice of the Committee on the Judiciary House of Representatives Ninety eighth Congress Second Session on H R 5406 April 25 1984 U S Government Printing Office 1986 p 5 Resources editARMA International Association of Records Managers and Administrators Archived 2012 10 19 at the Wayback Machine AIIM Association for Information and Image Management nbsp This business related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Business record amp oldid 1210913373, wikipedia, wiki, book, books, library,
