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More nonprofits aspire to SOx accountability standards (access required)

by Brad Carlson
Published: May 7,2007
Time posted: 1:00 am

More nonprofit organizations are trying to comply with the Sarbanes-Oxley Act even though the complex federal law primarily applies to sizable, publicly traded corporations.Sarbanes-Oxley, or SOx, was the federal government’s 2002 response to corporate accounting scandals of the Enron and WorldCom variety. The law set stricter standards for accounting, auditing, corporate governance and board-member accountability.Because ...



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