I have version set up for a list. When I add an item or modify an existing one, it keeps versions and they have to be approved. When I delete an existing record there is no approval and the record is gone. How can I track these records?

You best option, using OOB functionality, is to eyeball the recycle bin. Otherwise, you need to write some code. --Paul Galvin, Computer Generated Solutions (CGS) Microsoft MVP - SharePoint Blogging @ http://feeds.feedburner.com/PaulGalvinsSharePointSpace Twitter @ http://www.twitter.com/pagalvin

SharePoint's built in auditing features will track the deletion of an item if they are turned on. Otherwise, the only way to accurately track this is to write a custom event listener for the list that looks for the delete events and logs them accordingly. Also, why do you need to track you deleting records? Are you looking to track other users deleting records? You could create custom permissions for the list that do not permit users to delete items.

If you need deletion approval, maybe you could create a custom workflow "Send for deletion" to do the job! (and remove user the right to delete items) but be warn that if your items are document library items, removing delete access on items will also remove users the rigth to rename these (but you could also code a custom rename function that run elevated to do it and make it available in the UI)