As the number and size of nonprofit organizations continues to grow, NFPs are coming under ever-increasing government scrutiny. Soon Congress will require that nonprofits comply with rigorous accounting and governance standards very similar to those set forth for for-profits in the Sarbanes-Oxley Act.
Whether you're a CEO or a file clerk, it's important to understand Sarbanes-Oxley, the post-Enron legislation aimed at keeping corporations honest and ethical. This is a guide to this law that leads you through its rules and pronouncements, shows you how to anticipate future trends and traps in this area of the law.