Mich. Admin. Code R. 205.4107 - Business process information
Rule 7.
(1) At the
department's request, a taxpayer shall provide a description of the business
process that created the retained records. The description shall include the
relationship between the records and the tax documents prepared by the taxpayer
and the measures employed to ensure the integrity of the records.
(2) The description of the business process
shall include all of the following information:
(a) The functions being performed as they
relate to the flow of data through the system.
(b) The internal controls used to ensure
accurate and reliable processing.
(c) The internal controls used to prevent
unauthorized addition, alteration, or deletion of retained records.
(3) The following specific
documentation is required for machine-sensible records retained under these
rules:
(a) Record formats or
layouts.
(b) Field definitions
(including the meaning of all codes used to represent information).
(c) File descriptions (e.g., data set
name).
(d) Detailed charts of
accounts and account descriptions.
Notes
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