How long is a bank required to keep documentation of internal cash counts? We now have the ability to keep track electronically and would like to shred the old documentation. Any comments/suggestions are appreciated. Thanks!

Are you talking about daily cash counts in balancing or are you talking about cash count documentation performed during an audit?

No not the daily balancing, I am referring to cash count documentation from an internal audit. Thanks!

I would think it would be part of IA's workpapers and follow that retention period.

I would agree part of the IA's workpapers and follow their retention period.

That makes sense - thank you for the quick responses!