Generally Accepted Recordkeeping Principles

Redirect to:

• Generally Accepted Accounting Principles (GAAP)

What are Generally Accepted Recordkeeping Principles?

Generally accepted recordkeeping principles refer to a set of standards that should be followed when creating and maintaining records. These principles are designed to ensure that records are accurate, complete, and reliable. There are generally accepted recordkeeping principles that should be adhered to in order to ensure the effective and efficient management of an organization's records. These principles are:

1. Accountability - Records must be managed in a way that ensures they are kept safe and secure, and that they can be accessed by those who are authorized to do so.
2. Transparency - Records should be managed in a way that is open and transparent so that everyone understands how they are being managed and can see the benefits of doing so.
3. Integrity - Records should be managed in a way that protects their integrity so that they are accurate and complete.
4. Protection - Records should be managed in a way that protects them from unauthorized access, use, or disclosure.
5. Availability - Records should be managed in a way that ensures they are available when needed.