Section R. 338.5104 - Retention of documentsRule 104.
(1) With the exception of documents related to a peer review, all individual licensees, firm licensees, individuals with practice privileges, and out-of-state firms shall keep sufficient documentation, in any form, about services performed while engaged in the practice of public accounting, as well as evidence obtained and conclusions reached, for a period of not less than 5 years.(2) Documents related to a peer review must be kept in accordance with and satisfy the AICPA's professional standards and retention policies under R 338.5102(1)(a) or until final adjudication of a complaint related to a peer review, whichever is later.(3) Documentation must be consistent with that required by professional standards or issued by the applicable nationally or internationally recognized professional standards setting organizations.Mich. Admin. Code R. 338.5104
2007 AACS; 2013 AACS; 2022 MR 22, Eff. 11/21/2022