Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage

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Product Description

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!

Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage Review

When I picked up "SARBANES-OXLEY FOR NONPROFITS - A Guide to Building Competitive Advantage" by Peggy Jackson and Toni Fogerty I was very sure that it only dealt with the whistleblower and document retention requirements of SOX. WRONG. This is a VERY comprehensive book about the requirements of SOX and its very real-world implications on non-profit organizations.

Before I go on and tell you more about this book you should know that nearly all of SOX does not apply to non-profits. But SOX contains a lot of practices that, while not required, are very good practices to adopt. These "best practice" are what makes SOX interesting to the non-profit and those that work with them. While this book will outline and explain all you need to know about complying with the required whistleblower and document retention provisions of SOX, it primarily walks you through SOX's "best practices" and why you should adopt them. Even though you aren't required to adopt these "best practices", your non-profit will have a competitive advantage over other non-profits if it does adopt them.

The authors have made this subject about as readable as is possible in this universe. I highly recommend this book. I only gave 4 stars instead of 5 because the sample policies in the back of the book have insufficient detail to be useful. You can find sample SOX required and "best practices" policies on the web, so it wouldn't have been that difficult to set up a website for this book making more detailed policies available to its readers for use.

Read my full review on my blog at: [...]

Mr. Tracy A. Pounders, Attorney and Counselor at Law, Dallas TX USA

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