Nonprofit Accountability and Federal Law: Sources of Information
ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls System May Prove Costly American Institute of Certified Public Accountants. Its Web site has a summary of the federal Sarbanes-Oxley law,…
Internal-Controls System May Prove Costly
By Michael Anft and Grant Williams As a growing number of nonprofit groups choose to follow the Sarbanes-Oxley Act -- the two-year-old landmark ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsNonprofit…
States Propose New Accountability Regulations for Nonprofit Groups
Several states have proposed new requirements for nonprofit groups aimed at ensuring greater financial ALSO SEE:Redefining Good GovernanceThe Sarbanes-Oxley Law: Key RequirementsInternal-Controls System May Prove CostlyNonprofit Accountability and Federal Law: Sources of Information accountability.…
By Michael Anft
Contributor
The Sarbanes-Oxley Law: Key Requirements
Following are major elements of the 2002 federal law designed to heighten corporate accountability. ALSO SEE:Redefining Good GovernanceStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls System May Prove CostlyNonprofit Accountability and Federal Law: Sources of…
Charities make big changes to improve accountabilityLeaders at many of the nation’s charities and grant makers have started to make sweeping changes in how they ALSO SEE:The Sarbanes-Oxley Law: Key RequirementsStates Propose New Accountability Regulations for Nonprofit GroupsInternal-Controls…
By Michael Anft
Contributor
Photograph by Robert GlickDebra Weissman, chief pediatric resident at Brooklyn’s Maimonides Medical Center, says she thought she understood many of the difficulties faced by the families of her chronically ill patients. But then she participated in a nonprofit program called Project DOCC (Delivery…
Following are summaries of recent reports by the BBB Wise Giving Alliance. This private group reports on whether charities meet standards for fund raising, governance, financial management, and public information. The alliance does not approve or disapprove of charities, and urges potential donors…
AARP (Washington): Appointed Jerry Florence, associate executive director for membership, also to be director of the AARP ALSO SEE:Nonprofit Group Trims Research Unit Foundation (Washington). Alliance for Excellent Education (Washington): Announced the resignation of Susan Frost, president. Ms.…
The IRS has released a memorandum on credit-counseling organizations that concludes that many organizations do not meet the standards for receiving tax exemptions. The memorandum, released by the IRS chief counsel, is essentially a blueprint to help auditors and others in the IRS decide when to…
By Elizabeth Schwinn
Contributor