The New Accountability

Nonprofits, especially those operating or fundraising in multiple states, are under a great deal of pressure these days to maintain compliance with both federal and state regulations. Much of that pressure is fallout from the Sarbanes-Oxley Act of 2002 (SOX).1 Although most of SOX's provisions applies only to publicly traded companies, the spirit of the law is impacting nonprofits. California responded

Nonprofits, especially those operating or fundraising in multiple states, are under a great deal of pressure these days to maintain compliance with both federal and state regulations. Much of that pressure is fallout from the Sarbanes-Oxley Act of 2002 (SOX).1 Although most of SOX's provisions applies only to publicly traded companies, the spirit of the law is impacting nonprofits. California responded to SOX early by adopting its Nonprofit Integrity Act in 2004. Several other stat

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