Description
Although only two provisions of the Public Company Reform and Investor Protection Act (Sarbanes-Oxley--SOX) apply to both nonprofit and publicly traded companies, the authors suggest that non-profit compliance with the best practices that have emerged from the legislation establishes a "platinum standard" and provides a competitive advantage for non-profits. After providing an overview of Sarbanes-Oxley, they present chapters on the role of audit committees and audits in SOX best practices, nonprofit accounting and financial statement, the role of IRS Form 99Os in nonprofit accountability, SOX required provisions of whistleblower protection and document retention, organizational culture and readiness to integrate SOX best practices, and the leveraging of SOX for competitive advantage. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
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A complete guide to leveraging the power of Sarbanes-Oxley--specifically for nonprofitsThe first book to discuss the implications of Sarbanes-Oxley legislation as it relates to nonprofit organizations, Sarbanes-Oxley for Nonprofits is an essential guide for all nonprofit executives and boards who want to know how the new legislation can enhance their organization's mission.By establishing a "platinum standard" of operations and governance within nonprofit organizations, executives and board members will be better equipped to attract high-quality staff and board members, as well as the attention of donors and other potential funding sources. Sarbanes-Oxley for Nonprofits presents the best practices that have emerged from the Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley) in a manner that explains their source and value to the nonprofit organization.Written for both small and large nonprofits, Sarbanes-Oxley for Nonprofits includes:* Practices intended to establish a "platinum standard" of operations and governance within the nonprofit* Coverage of audits, financial statements, board activities and decision making, how to teach board members to read and interpret financial statements, conflicts of interest, whistle-blower protection, and how to leverage these standards to gain a competitive advantage* Sarbanes-Oxley best practices and the organizational culture* Sample documents, forms, and checklists to introduce these best practices into any nonprofit organization* And much more!
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