Thursday, January 15, 2009

Sabanes-0xley and nonprofits: What's the real link?

Our friend, Jan Masaoka, at Blue Avocado has published an article that should be of interest to our local boards -- and nonprofit boards nationally -- that I want to share with readers here.

The post, "Sarbanes-Oxley and Nonprofits: Bogeyman in the Boardroom?," sorts through common misconceptions about the act as it applies to the sector. It clarifies which aspects of the law really applies to nonprofits and offers a reading on the bottom line that may help clarify and alleviate some fears that you and your fellow board members may have about these accountability issues. She also recommends practices that are not required by S-B, but are simply smart moves for governing bodies.

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