Sarbanes-Oxley And Nonprofits

December 16, 2004 Published Work
The Nonprofit Advantage Newsletter, a quarterly publication of the Connecticut Association of Nonprofits

Ever since Congress enacted the American Competitiveness and Corporate Accountability Act of 2002, more commonly called the Sarbanes-Oxley Act or, for brevity, "Sarbanes" (some use the acronym SOX), people in the nonprofit world and those who advise them, have been discussing and speculating on what it means for nonprofits. The law firm I am with has lately received an increasing number of inquiries. In view of this interest, I thought it would be appropriate and useful to make the relationship of Sarbanes-Oxley to nonprofits the subject of this column.