Trade Customer Statement Handling Guidelines
Do I need to shred a statement of facts from a trade customer if it's not needed or is it okay to keep in the jacket?
Keeping Statement of Facts in Deal Jacket
It is important to maintain a statement of facts in the deal jacket for easy reference when needed. Auditors often require specific information, making it essential to have this documentation readily available.
Benefits of Keeping Statement of Facts
- Provides quick access to crucial information
- Aids auditors in their review process
- Serves as a reference point for future transactions
Best Practices for Storing Statements
If the statement of facts is not immediately required, it is advisable to retain it in the deal jacket for potential future use. This ensures that all relevant documents are kept together and easily accessible.
Tips:
- Organize documents systematically within the deal jacket
- Maintain clear labeling for easy identification
- Regularly review and update information as necessary
If you have any further questions or require assistance with organizing your deal jacket, feel free to reach out. We are here to help!