1. Internal Control in Nonprofit Organizations
The Sarbanes- Oxley Act Sarbanes-Oxley Act of 2002 The U.S. nonprofit sector consisting of 1.8 million organizations employs 7% of the whole U.S. workforce. ... The 'Public Company Accounting Reform and Investor Protection Act', also known as the Sarbanes- Oxley Act (SOX) was adopted in 2002. ... Also included in the Sarbanes- Oxley Act are new auditor responsibilities. ... Certified financial statements are another aspect of the Sarbanes- Oxley Act. ... The act wants to achieve that financial statements are understood and provide a veridical...
- Word Count: 3851
- Approx Pages: 15
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- Grade Level: Undergraduate