Pharmacy Law Practice Exam

The correct duration for maintaining a copy of the inventory by both the transferor and transferee is two years. This requirement aligns with federal regulations and best practices concerning the documentation of controlled substances. According to the Drug Enforcement Administration (DEA), records related to the transfer of controlled substances must be kept for a minimum period that facilitates tracking and oversight in case of audits or investigations.

Maintaining these records for two years serves several vital purposes in pharmacy law. It provides a clear and accountable method for both parties to ensure the accurate transfer of pharmaceutical products, helps in tracking the handling of controlled substances to prevent diversion or misuse, and assists regulatory authorities in monitoring compliance with the law.

The other options, while suggesting varying durations, do not meet the established regulatory requirements that specify two years as the minimum time for record-keeping. This ensures that both parties are held responsible for accurately managing the inventory during and after the transfer period.