SARBANES-OXLEY AND NONPROFIT MANAGEMENT: SKILLS, TECHNIQUES, AND METHODS

Transcription

1 SARBANES-OXLEY AND NONPROFIT MANAGEMENT: SKILLS, TECHNIQUES, AND METHODS Acknowledgments. Preface. Chapter 1: History and Legislative Background of the Sarbanes-Oxley Act of Passage of the Sarbanes-Oxley Act of Analysis of the Legislative and Regulatory Content of SOX. Factors that Drove the Swift Passage of SOX. Implications of SOX for Nonprofits. Worksheet: SOX and Relevance to Nonprofit Operations. Chapter 2: SOX Requirements, Best Practices, and State Legislation. What Are Nonprofits Required to Do Under SOX? SOX Best Practices. Benefits of Implementing Best PracticesAdding Value to the Nonprofit. Nonprofits: Current Legislative Environment. Example of State LegislationCalifornias Nonprofit Integrity Act (SB 1262). Chapter 3: Anatomy of a Dysfunctional Nonprofit: Diagnosing of Organizational Dysfunction.

2 Organizational Culture. Chapter 4: Root Cause Analysis Part I: Three Nonprofit Crises. American Red Cross National Headquarters and Post-September 11th Fundraising and Blood Collection. Background. United Way of the National Capital Area. James Beard Foundation. Factors, Common and Unique, and Lessons Learned. Chapter 5: Root Cause Analysis Part II. Summary of Finding from Root Cause Analysis Part I. Whistleblower Protection. Document Preservation Policy. SOX Best Practices. Chapter 6: SOX Best Practices and Governance. Role of the Board in Todays Nonprofit.

3 Chapter 7: SOX Best Practices and the Nonprofit Executive Team. Chapter 8: Sarbanes-Oxley Best Practices and Information Technology. Benefits of Implementing Sarbanes-Oxley Best Practices. Chapter 9: Human Resource Management Sarbanes-Oxley Requirements and Best Practices. Whistleblower Protection. Why Individuals Are Reluctant to Blow the Whistle on Waste, Fraud, and Abuse. Creating a Confidential Reporting System. Travel Claims and Reimbursement Policies. Employees or Independent Contractors? Why the IRS Wants to Know. Protecting the Privacy of Staff and Volunteers. Chapter 10: SOX Best Practices and Fundraising. The Changing Legislative Environments Impact on Fundraising Practices. Example of State Law Relative to Fundraising: Provisions of California s SB 1262 Nonprofit Integrity Act to Fundraising Activities.

4 The Role of the Board and Executive Team in Providing Oversight and Guidance to a Nonprofits Fundraising. Best Practices and Industry Standards for Fundraising and Development. Internal Controls and Ethical Considerations for Fundraising. Chapter 11: SOX Best Practices and Internal Controls. Need for an Internal Control System. Advantages of Adopting SOX Best Practices Regarding Internal Controls. What Is an Effective Internal Control System? Committee of Sponsoring Organizations. Importance of Internal Financial Controls. Worksheet 1: Conducting an Internal Control System Review. Worksheet 2: Questions for the Senior Management and the Board of Directors. Chapter 12: The Financially Literate Board. Need for a Financially Literate Board of Directors. Determining Board Competence in Financial Matters. Adult Learners and Learning Styles. Content that Should Be Covered. Annual Budget.

5 Worksheet: Developing a Financial Literacy Training Plan. Chapter 13: SOX Best Practices and Legal Compliance. Need for Board Oversight. Three Duties of the Board of Directors. The Importance of an Audit. Working with the IRS. Working with Attorneys. Worksheet: Legal Compliance Review. Chapter 14: Sox Best Practices and Political Competence. Developing Political Competence. Role of Nonprofits. Two Components in Political Competence. Alignment with Others. Arguments against Exercising Political Competence. Helpful Websites for the Nonprofit Developing Its Political Competence. Worksheet: Pressures for Nonprofit Reform. Appendix. Bibliography.

6 About the Authors. Index.