Sarbanes-Oxley for Nonprofits A Guide to Building Competitive Advantage

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Edition: 1st
Format: Hardcover
Pub. Date: 2005-04-21
Publisher(s): WILEY
List Price: $85.28

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Summary

A complete guide to leveraging the power of Sarbanes-Oxley--specifically for nonprofits The first book to discuss the implications of Sarbanes-Oxley legislation as it relates to nonprofit organizations, Sarbanes-Oxley for Nonprofits is an essential guide for all nonprofit executives and boards who want to know how the new legislation can enhance their organization's mission. By establishing a "platinum standard" of operations and governance within nonprofit organizations, executives and board members will be better equipped to attract high-quality staff and board members, as well as the attention of donors and other potential funding sources. Sarbanes-Oxley for Nonprofits presents the best practices that have emerged from the Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley) in a manner that explains their source and value to the nonprofit organization. Written for both small and large nonprofits, Sarbanes-Oxley for Nonprofits includes: * Practices intended to establish a "platinum standard" of operations and governance within the nonprofit * Coverage of audits, financial statements, board activities and decision making, how to teach board members to read and interpret financial statements, conflicts of interest, whistle-blower protection, and how to leverage these standards to gain a competitive advantage * Sarbanes-Oxley best practices and the organizational culture * Sample documents, forms, and checklists to introduce these best practices into any nonprofit organization * And much more!

Author Biography

PEGGY M. JACKSON, DPA, CPCU, is a consultant and nationally recognized lecturer in risk management, business continuity planning, and Sarbanes-Oxley compliance for nonprofits. Dr. Jackson has coauthored five books on risk management in nonprofit organizations: Managing Risk in Nonprofit Organizations (Wiley); Mission Accomplished: A Practical Guide to Risk Management for Nonprofits; Mission Accomplished: The Workbook; No Surprises: Harmonizing Risk & Reward in Volunteer Management; and Risk Management for School Principals: A Workbook. She is a partner with Fogarty, Jackson & Associates and a principal with Adjunct LLC in San Francisco, California.

TONI E. FOGARTY, PhD, MPH, is an assistant professor in the Department of Public Affairs and Administration at California State University, East Bay. She serves as the graduate coordinator for the Master of Science in Health Care Administration program, and teaches courses in healthcare management, organizational change and development, healthcare finance and budgeting, research methods, and the legal and ethical aspects of healthcare. She is a founding partner and CFO of Fogarty, Jackson & Associates, a consulting group that provides consulting services in the areas of risk management, business continuity planning, injury and illness prevention programs, and distance education and training. She has been published in several professional and academic journals and has made a number of presentations at national and international conferences. In addition, she coauthored the textbook Managing Risk in Nonprofit Organizations (Wiley).

Table of Contents

Acnowledgements.
Preface.
Chapter 1. Overview of the Legislation and Its Implications for Nonprofits
Introduction.
Chapter 2. Safeguarding Your Nonprofit’s Financial Resources and Assets:
Chapter 3. Reading and Interpreting Financial Statements.
Chapter 4. Form 990: Unnecessary Paperwork or a Useful Tool?
Chapter 5. SOX Sections VIII and XI: Document Retention and Whistleblower Protection Obligations.
Chapter 6. Raising the Bar of Accountability: SOX Best Practices and the Board.
Chapter 7. SOX Best Practices and Organizational Culture: Changing the Environment.
Chapter 8. A Platinum Operating Standard Starts with Good Bones.
Chapter 9. Creating a competitive advantage: Leveraging SOX Best Practices.
Chapter 10. SOX Best Practices for Small Nonprofits.
Appendix 1: Working Through the Four Basic Financial Statements.
Appendix 2: Whistleblower policy.
Appendix 3: Document retention and storage protocols.
Appendix 4: Audit committee.
Appendix 5: Conflict of interest policy and procedures including a disclosure statement.
Appendix 6: Code of ethics for board and senior management.
Appendix 7: Board of Directors –Governance profile and performance expectations.
Appendix 8: Outline of Director Orientation Curriculum.
Appendix 9: Review of internal controls Report.
Appendix 10: Sample Risk Management Plan.
Appendix 11: Sample Business Continuity Plan.

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