The retention period for FISAP data is three years after which event?

• A. The end of the award year
• B. The date the FISAP was submitted
• C. The end of the award year for which the FISAP is submitted
• D. The signing date of the FISAP

Answer: (C)

The key idea is when to start the three-year record retention for FISAP data. The three-year clock begins after the award year that the FISAP covers has ended. Since the FISAP is an annual report tied to a specific award year, you keep the records for three years from the end of that year. Submitting or signing the FISAP does not start the retention period; it’s the end of the award year for which the FISAP is submitted that marks the start of the three-year retention.