Question

Data classification for retention of information is typically ______ for financial and tax records?

Answer 1

Data classification for retention of information is typically for 7 years of financial and tax records.

Accounting records are the  documents and books involved in the preparation of financial statements of any organization.

Similarly tax records means the transcripts of all the tax returns previously submitted taxes.

Every organization is required to preserve the data records for at least 7 years not less than this.

This also includes the documents related to audit too.

To know more about tax records here;

brainly.com/question/16945607

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