Thursday, May 26, 2005

Winston-Salem Journal | Nonprofits face calls for accountability

Winston-Salem Journal Nonprofits face calls for accountability: "Nonprofits face calls for accountability
Many groups voluntarily adhering to Sarbanes-Oxley reforms

By Richard Craver

The mission of nonprofit organizations is only as effective as the level of trust and accountability they convey to donors and the community, according to local and state officials.
That's why many nonprofit groups in the Triad have agreed to voluntarily adhere to many, if not all, of the standards required of corporate America by the Sarbanes-Oxley Act. The federal law set new corporate-governance standards in the aftermath of financial scandals at companies such as Enron Corp. and World Com."

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