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_______ refers to how long transactions should be retained by an organization according to management, legal and audit requirements.
Record retention
Transaction history
None of these
Record period
Information and data should be kept only as long as it is required. Organizations may have to keep certain records for a period as specified by industry standards or in accordance with laws and regulations. Hard- and soft-copy records should not be kept beyond their required or useful life CBK 7ed. p 292
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