Auditors have informed your company CFO that to comply with a new regulation, your company will need to ensure that financial reporting data is kept for at least three years. The CFO asks for your advice on how to comply with the regulation with the least administrative overhead. What would you recommend?

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Auditors have informed your company CFO that to comply with a new regulation, your company will need to ensure that financial reporting data is kept for at least three years. The CFO asks for your advice on how to comply with the regulation with the least administrative overhead. What would you recommend?