Is your nonprofit organization ready for increased scrutiny, reporting requirements, regulations, and increased expectations from donors? This combination reference/workbook prepares you and shows you how Sarbanes-Oxley best practices can benefit your organization. It includes:
- A structured description of Sarbanes-Oxley and its implications for nonprofits
- Detailed discussions on governance, including financial literacy for board members, new standards of accountability for boards, and best practices for nonprofit management
- Sample documents, procedures, and frameworks to help you implement best practices
- Worksheets, forms, and resource materials in each chapter
- A walk-through of typical financial statements and sample documents such as a Conflict of Interest policy, board orientation curriculum, a Whistleblower Protection policy, a Document Preservation policy, and a fundraising plan.
Implementing proven best practices stemming from Sarbanes-Oxley can diminish organizational dysfunction, promote a solid infrastructure, and propel your organization to the platinum standard of operations and governance, giving your organization the competitive advantage in today's demanding nonprofit environment.
Acknowledgments. Preface.
Chapter 1: History and Legislative Background of the Sarbanes-Oxley Act of 2002.
Chapter Overview.
Chapter Objectives.
Passage of the Sarbanes-Oxley Act of 2002.
Analysis of the Legislative and Regulatory Content of SOX.
Factors that Drove the Swift Passage of SOX.
Implications of SOX for Nonprofits.
Conclusion.
Worksheet: SOX and Relevance to Nonprofit Operl“¸
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