Sarbanes-Oxley: What It Means to Nonprofits
- Tags:
- Finance,
- Sarbanes-Oxley,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Nonprofit,
- Human Resources,
- Government,
- Financial Accounting,
- Sarbanes-Oxley Act
- Source:
- Council on Foundations
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Overview: More than 4 year has passed since Sarbanes-Oxley became law. While the law applies, for the most part, to publicly traded corporations, the term "Sarbanes-Oxley" has come to stand for much more than just the American Competitiveness and Corporate Accountability Act of 2002, which is the formal name for what is widely known as Sarbanes-Oxley. For nonprofits, Sarbanes-Oxley means the new climate of accountability and oversight in which they operate. Sarbanes-Oxley itself and other reforms, such as those proposed by the NYSE, AMEX and NASDAQ, have all influenced what observers may now consider to be best practices for nonprofits.
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Format: PDF | Size: 21KB | Date: May 2004 | Pages: 6
