Generally Accepted Recordkeeping Principles

The Generally Accepted Recordkeeping Principles (The Principles), were created by ARMA International as a common set of principles that describe the conditions under which business records and related information should be maintained.[1]

The Principles

The eight principles are designed to identify the major hallmarks of effective Information governance, but do not follow a numerical hierarchy of importance.[2]

The list of principles can be recalled with the help of the Mnemonic "A TIP CARD," which serves a dual purpose as it implies the principles are tips for effective recordkeeping.

ARMA International Maturity Model for Information Governance

Information is one of the most vital, strategic assets organizations possess. They depend on information to develop products and services, make critical strategic decisions, protect property rights, propel marketing, manage projects, process transactions, service customers, and generate revenues. This critical information is contained in the organizations' business records. It has not always been easy to describe what "good recordkeeping" looks like. Yet, this question gains in importance as regulators, shareholders, and customers are increasingly concerned about the business practices of organizations.

ARMA International recognized that a clear statement of "Generally Accepted Recordkeeping Principles®" (The Principles) would guide:

The principles identify the critical hallmarks of information governance, which Gartner describes as an accountability framework that "includes the processes, roles, standards, and metrics that ensure the effective and efficient use of information in enabling an organization to achieve its goals." As such, they apply to all sizes of organizations, in all types of industries, and in both the private and public sectors. Multi-national organizations can also use the Principles to establish consistent practices across a variety of business units.

A Picture of Effective Information Governance

The Maturity Model for Information Governance[3] begins to paint a more complete picture of what effective information governance looks like. It is based on the eight principles as well as a foundation of standards, best practices, and legal/regulatory requirements. The maturity model goes beyond a mere statement of the principles by beginning to define characteristics of various levels of recordkeeping programs. For each principle, the maturity model associates various characteristics that are typical for each of the five levels in the model:

How to Use the Maturity Model

The Information Governance Maturity Model will assist an organization in conducting a preliminary evaluation of its recordkeeping programs and practices. Thoughtful consideration of the organization's practices should allow users to make an initial determination of the maturity of their organization’s information governance. Initially, it is not unusual for an organization to be at differing levels of maturity for the eight principles. It is also important to note that the maturity model represents an initial evaluation. In order to be most effective, a more in-depth analysis of organizational policies and practices may be necessary.

The maturity model will be most useful to leaders who wish to achieve the maximum benefit from their information governance practices. Effective information governance requires a continuous focus. But in order to get started, organizations can look to the steps below:

See also

ARMA International
Records management

References

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