The Sarbanes-Oxley Act of 2002

More documents

Recommendations

Info

Marc F. Racicot, Republican National Committee Chairman Nominee at the time, was handpicked by George W. Bush and continued to serve as a lawyer with a firm that lobbies for Enron. Page 66 of 208
III. Sarbanes-Oxley for Nonprofits The Sarbanes-Oxley Act and Implications for Nonprofit Organizations March 2003 A collaboration between BoardSource and INDEPENDENT SECTOR has produced the following report on the effects of the Sarbanes-Oxley Act on nonprofits. BoardSource and INDEPENDENT SECTOR wish to thank Dan Moore, Vice President for Public Affairs, GuideStar; Tom Hyatt, Principal, Ober Kaler; and Paul Nelson, President, Evangelical Council for Financial Accountability for sharing their professional insights and expertise on this document. American Competitiveness and Corporate Accountability Act of 2002, commonly known as the Sarbanes-Oxley Act, was signed into law on July 30, 2002. Passed in response to the corporate and accounting scandals of Enron, Arthur Andersen, and others of 2001 and 2002, the law's purpose is to rebuild public trust in America's corporate sector. The law requires that publicly traded companies adhere to significant new governance standards that increase board members' roles in overseeing financial transactions and auditing procedures. While nearly all of the provisions of the bill apply only to publicly traded corporations, the passage of this bill should serve as a wake-up call to the entire nonprofit community. If nonprofit leaders do not ensure effective governance of their organizations, the government will step forward and also regulate nonprofit governance. Indeed, some state attorneys general are already proposing that elements of the Sarbanes-Oxley Act be applied to nonprofit organizations. Nonprofit leaders should look carefully at the provisions of Sarbanes-Oxley and determine whether their organizations ought to voluntarily adopt particular governance practices. This resource will review those provisions and assess their relevance to nonprofit organizations. Page 67 of 208
Page 2 and 3:
Page 2 of 208
Page 4 and 5:
Page 4 of 208
Page 6 and 7:
Page 6 of 208
Page 8 and 9:
Page 8 of 208
Page 10 and 11:
4. Throughout the process, we encou
Page 12 and 13:
Page 12 of 208
Page 14 and 15:
Page 14 of 208
Page 16 and 17: Ecclesiastes 5:10 10 Whoever loves
Page 18 and 19: This work is not meant to be a piec
Page 20 and 21: ules to implement the Sarbanes-Oxle
Page 22 and 23: 4. Enhanced Financial Disclosures T
Page 24 and 25: The Senate Banking Committee undert
Page 26 and 27: Senator Sarbanes's bill passed the
Page 28 and 29: Lord & Benoit issued a research rep
Page 30 and 31: Implementation of Key Provisions Sa
Page 32 and 33: Sarbanes-Oxley Section 404: Assessm
Page 34 and 35: during 2004 U.S. companies with rev
Page 36 and 37: Central Railroad Company Turin v. A
Page 38 and 39: These regulations are damaging Amer
Page 40 and 41: Strategist, Mr. John (Jack) R. Demp
Page 42 and 43: Minimum requirements for risk manag
Page 44 and 45: ankruptcy Enron. On September 7, 20
Page 46 and 47: Enron still had some lingering prob
Page 48 and 49: 1989 Enron launches Gas Bank, th
Page 50 and 51: in Iowa. However, in 1999, the comp
Page 52 and 53: assets in The Philippines, Australi
Page 54 and 55: Enron's debts and the losses that i
Page 56 and 57: Enron has been featured since its b
Page 58 and 59: trading deregulation. Despite warni
Page 60 and 61: It was also an extensive futures tr
Page 62 and 63: EnronOnline Enron opened EnronOnlin
Page 64 and 65: Project Summer During the summer of
Page 68 and 69: Finally, it is important to note th
Page 70 and 71: auditing, and make sound financial
Page 72 and 73: may grow accustomed to the financia
Page 74 and 75: Under Sarbanes-Oxley, CEO and CFO c
Page 76 and 77: o o If such loans are provided, the
Page 78 and 79: An organization must develop proced
Page 80 and 81: Page 80 of 208
Page 82 and 83: components of a sixty-sixpage statu
Page 84 and 85: The corporate hysteria about SOX co
Page 86 and 87: which governance was sold to the no
Page 88 and 89: 1519 and 2232(a), which arose out o
Page 90 and 91: case-in-chief because Yates had fai
Page 92 and 93: to records, documents, or tangible
Page 94 and 95: Background Petitioner John L. Yates
Page 96 and 97: Page 96 of 208
Page 98 and 99: statements and that the external au
Page 100 and 101: Is It Time for an Audit? by Jeanne
Page 102 and 103: Notes _____________________________
Page 104 and 105: Page 104 of 208
Page 106 and 107: Page 106 of 208
Page 108 and 109: Page 108 of 208
Page 110 and 111: Page 110 of 208
Page 112 and 113: Page 112 of 208
Page 114 and 115: Page 114 of 208
Page 116 and 117:
Page 116 of 208
Page 118 and 119:
Page 118 of 208
Page 120 and 121:
Page 120 of 208
Page 122 and 123:
Page 122 of 208
Page 124 and 125:
Page 124 of 208
Page 126 and 127:
Page 126 of 208
Page 128 and 129:
Page 128 of 208
Page 130 and 131:
Page 130 of 208
Page 132 and 133:
Page 132 of 208
Page 134 and 135:
Page 134 of 208
Page 136 and 137:
Page 136 of 208
Page 138 and 139:
Page 138 of 208
Page 140 and 141:
Page 140 of 208
Page 142 and 143:
Page 142 of 208
Page 144 and 145:
Page 144 of 208
Page 146 and 147:
Page 146 of 208
Page 148 and 149:
Page 148 of 208
Page 150 and 151:
Page 150 of 208
Page 152 and 153:
Page 152 of 208
Page 154 and 155:
Page 154 of 208
Page 156 and 157:
Page 156 of 208
Page 158 and 159:
Page 158 of 208
Page 160 and 161:
Page 160 of 208
Page 162 and 163:
Page 162 of 208
Page 164 and 165:
Page 164 of 208
Page 166 and 167:
Page 166 of 208
Page 168 and 169:
Page 168 of 208
Page 170 and 171:
Page 170 of 208
Page 172 and 173:
Page 172 of 208
Page 174 and 175:
Page 174 of 208
Page 176 and 177:
Page 176 of 208
Page 178 and 179:
Advocacy Foundation Publishers Page
Page 180 and 181:
Advocacy Foundation Publishers The
Page 182 and 183:
XVI for Drug-Free Communities Landm
Page 184 and 185:
Vol. VIII 2022 ComeUnity ReEngineer
Page 186 and 187:
Vol. XV 2029 Inner-Cities Revitaliz
Page 188 and 189:
The e-Advocate Monthly Review 2018
Page 190 and 191:
2021 Biblically Responsible Investi
Page 192 and 193:
The e-Advocate Quarterly Special Ed
Page 194 and 195:
The e-Advocate Journal of Theologic
Page 196 and 197:
Legal Missions International Page 1
Page 198 and 199:
Vol. V 2019 XVII Russia Q-1 2019 XV
Page 200 and 201:
The e-Advocate Juvenile Justice Rep
Page 202 and 203:
The e-Advocate Newsletter Genesis o
Page 204 and 205:
Extras The Nonprofit Advisors Group
Page 206 and 207:
About The Author John C (Jack) John
Page 208:
Page 208 of 208
show all

The Sarbanes-Oxley Act of 2002

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?