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

Peggy M. Jackson (Author), Toni E. Fogarty (Author)

Book Description

Publication Date: April 21, 2005 | ISBN-10: 0471697885 | ISBN-13: 978-0471697886 | Edition: 1

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!

Editorial Reviews

From the Inside Flap

The environment in which nonprofits operate is changing—dramatically. Public pressure is mounting to have nonprofits come under a higher level of scrutiny and regulation. Although only two provisions of Sarbanes-Oxley currently apply to both nonprofit and publicly traded companies, visible compliance with Sarbanes-Oxley standards establishes a competitive advantage that can provide benefits to any nonprofit. Written for nonprofit practitioners, board members, funders, and potential donors, Sarbanes-Oxley for Nonprofits explores how this important piece of legislation can serve to strengthen the infrastructure of nonprofits.

There is genuine value for nonprofit executives who comply with Sarbanes-Oxley standards. Providing a new perspective on the implications of Sarbanes-Oxley legislation for nonprofit executives, Sarbanes-Oxley for Nonprofits shows readers how to leverage the best practices from the legislation to create a competitive advantage. Respected authors Peggy Jackson and Toni Fogerty take readers from the basics of what Sarbanes-Oxley is all about to examining the various sample documents and procedures that can be used to introduce these best practices into your nonprofit organization. Coverage includes:

• An overview of the Sarbanes-Oxley legislation and recent changes in the nonprofit legislative environment
• The outcomes and proposals from the Senate Finance Committee hearings along with the new California Nonprofit Integrity Act
• The role of audit committees and audits in Sarbanes-Oxley best practices
• Nonprofit accounting and financial statements
• The IRS Form 990 and its enhanced role in nonprofit accountability
• The Sarbanes-Oxley required provisions of whistleblower protection and document retention policies
• How Sarbanes-Oxley best practices affect nonprofit boards
• How a nonprofit's organizational culture affects its readiness to integrate Sarbanes-Oxley best practices
• How to move the nonprofit's operating standard from ordinary to platinum
• The ways in which the nonprofit can leverage Sarbanes-Oxley best practices to create a competitive advantage
• Recommendations for scaling the Sarbanes-Oxley best practices to suit the needs of the small nonprofit

Leverage the best practices from Sarbanes-Oxley legislation to create a competitive advantage in your nonprofit organization with the help of Sarbanes-Oxley for Nonprofits.

From the Back Cover

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!

See all Editorial Reviews

Product Details

• Hardcover: 256 pages
• Publisher: Wiley; 1 edition (April 21, 2005)
• Language: English
• ISBN-10: 0471697885
• ISBN-13: 978-0471697886
• Product Dimensions: 9.2 x 6.4 x 0.9 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #862,739 in Books (See Top 100 in Books)

More About the Author

Her clients call her a "rock star," a "secret weapon" and a "trusted advisor." Dr. Peggy M. Jackson is a consultant and nationally recognized lecturer in risk management, business continuity planning and Sarbanes-Oxley compliance. Peg has written books on risk management, business continuity planning, strategic planning and Sarbanes-Oxley compliance published by John Wiley and Sons. Her latest book is entitled Reputational Risk Management: The Essential Guide to Protecting Your Reputation in Crisis Situations, published by BEW Publishing. She is a Principal with Peg Jackson & Associates in San Francisco, CA and Alexandria, VA.

Inspired by her clients' needs, she designed the Done in a Day® risk management, contingency planning and reputational risk management product lines. These "in a box" solutions have saved her clients valuable time and resources. Peg earned a doctorate in public administration (DPA) from Golden Gate University in San Francisco and holds the professional designation of Chartered Property and Casualty Underwriter (CPCU). She designed the Jackson Risk Management Model© as part of an award-winning doctoral dissertation on risk management techniques.

Peg is a member of the Governing Committee of the Risk Management Interest Group of the Chartered Property and Casualty Underwriters (CPCU) Society, a member of the Washington DC Chapter of the Chartered Property and Casualty Underwriters (CPCU) Society, the American Association of Insurance Management Consultants and the Washington DC Junior League.

Customer Reviews

Most Helpful Customer Reviews

4.0 out of 5 stars Really Good-Practical Help for Non-profits, July 15, 2011

By 

Tracy A. Pounders - See all my reviews

Amazon Verified Purchase

This review is from: Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage (Hardcover)

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

1 of 3 people found the following review helpful:

5.0 out of 5 stars SOX Best Practices Can Move Nonprofits tot he Next Level, June 2, 2008

By 

Dr. Peggy Jackson - See all my reviews
(REAL NAME)   

This review is from: Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage (Kindle Edition)

Public pressure has been mounting to have nonprofits come under a higher level of scrutiny and regulation. Although only two provisions of SOX apply to both nonprofit and publicly traded companies (whistleblower protection and document preservation), visible compliance with SOX standards establishes a "platinum standard" and establishes a competitive advantage that can provide benefits to any nonprofit. We've designed the book to take the reader from wondering what Sarbanes-Oxley is all about to examining the various sample documents and procedures that can be used to introduce these best practices into your nonprofit. We believe that integrating SOX best practices can strengthen your nonprofit's commitment to fulfilling its mission. This book is a great companion toSarbanes-Oxley and Nonprofit Management: Skills, Techniques, and MethodsNonprofit Risk Management & Contingency Planning: Done in a Day StrategiesSarbanes-Oxley for Nonprofit Boards: A New Governance Paradigm