Document background
This Audit Retention Policy is essential for organizations operating in the UAE to ensure compliance with federal and emirate-level regulatory requirements while maintaining effective business operations. The policy addresses the requirements set forth in various UAE regulations, including the Commercial Companies Law, VAT legislation, and anti-money laundering regulations, which mandate specific retention periods for different types of business records. It provides comprehensive guidance on managing both physical and electronic records, establishing retention schedules, implementing security measures, and executing proper disposal procedures. The document is particularly crucial given the UAE's evolving regulatory landscape and the increasing focus on corporate governance and compliance. This Audit Retention Policy serves as a foundational document for risk management and regulatory compliance, helping organizations avoid penalties while maintaining efficient record-keeping practices.
