How many years must original client records be retained following termination of service to the client?

The correct answer is three years, as it aligns with best practices and regulatory guidance in many industries regarding the retention of client records after termination of service. Retaining records for this duration ensures compliance with legal and audit requirements, as well as the ability to address potential disputes or claims that may arise after the termination of service. This three-year period provides a balance between protecting client confidentiality and ensuring that necessary documentation remains accessible for operational, legal, and financial purposes.

Other durations, such as one, two, or five years, may not meet specific regulatory guidelines or operational needs necessary for adequately preserving important client information. Retaining records for three years is often considered a reasonable timeframe to safeguard against potential issues while also optimizing storage and resource management.