Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage Tapa dura - 2005 - 1st Edición

Primera línea

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Descripción de contraportada

A complete guide to leveraging the power of Sarbanes-Oxley-specifically for nonprofits

The 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!

Descripción de la solapa

The environment in which nonprofits operate is changing--dramatically. Public pressure is mounting to have nonprofits come under a higher level of scrutiny and regulation. Although only two provisions of Sarbanes-Oxley currently apply to both nonprofit and publicly traded companies, visible compliance with Sarbanes-Oxley standards establishes a competitive advantage that can provide benefits to any nonprofit. Written for nonprofit practitioners, board members, funders, and potential donors, Sarbanes-Oxley for Nonprofits explores how this important piece of legislation can serve to strengthen the infrastructure of nonprofits.

There is genuine value for nonprofit executives who comply with Sarbanes-Oxley standards. Providing a new perspective on the implications of Sarbanes-Oxley legislation for nonprofit executives, Sarbanes-Oxley for Nonprofits shows readers how to leverage the best practices from the legislation to create a competitive advantage. Respected authors Peggy Jackson and Toni Fogerty take readers from the basics of what Sarbanes-Oxley is all about to examining the various sample documents and procedures that can be used to introduce these best practices into your nonprofit organization. Coverage includes:

• An overview of the Sarbanes-Oxley legislation and recent changes in the nonprofit legislative environment
• The outcomes and proposals from the Senate Finance Committee hearings along with the new California Nonprofit Integrity Act
• The role of audit committees and audits in Sarbanes-Oxley best practices
• Nonprofit accounting and financial statements
• The IRS Form 990 and its enhanced role in nonprofit accountability
• The Sarbanes-Oxley required provisions of whistleblower protection and document retention policies
• How Sarbanes-Oxley best practices affect nonprofit boards
• How a nonprofit's organizational culture affects its readiness to integrate Sarbanes-Oxley best practices
• How to move the nonprofit's operating standard from ordinary to platinum
• The ways in which the nonprofit can leverage Sarbanes-Oxley best practices to create a competitive advantage
• Recommendations for scaling the Sarbanes-Oxley best practices to suit the needs of the small nonprofit

Leverage the best practices from Sarbanes-Oxley legislation to create a competitive advantage in your nonprofit organization with the help of Sarbanes-Oxley for Nonprofits.