Excerpt from SQF Ed 8 System Elements for Manufacture of Food Packaging Guidance Document:
"The SQF System shall be reviewed and update changes communicated (at a minimum) monthly to senior site management as part of the review of all operational activities. Additionally, a full review of the SQF System must be completed annually by senior management.
What do I have to do?
This element is mandatory. This (at a minimum) annual review, including monthly updates for site management, shall include the policies outlined in company’s policy statement, findings from the regularly scheduled internal and external audits, customer complaints, test records, deviation reports and outcomes of corrective actions."
So it's actually both, Annual review including monthly updates - citing them as two different actions so, in essence I think we're all saying the same thing. I'm just happy they finally released a guidance document for Ed 8 almost a year after they released and started auditing it. As always, it's what works best for you and satisfies the requirements of the code.