Exam Discussion | Sarbanes-Oxley and Non-profit Hospitals

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Sarbanes-Oxley and Non-profit Hospitals

Posted by: Bruce Lawrey on October 22, 2009 at 5:08PM EST

With Sarbanes-Oxley in place, I am wondering just how involved non-profits are in comparison to public companies. For example, it seems to me that in healthcare directors and executives have always been underpaid for what is expected of them. Is this something actively scrutinized with the enactment of Sarbanes-Oxley? Do non-profit organizations follow the requirement to have separate audit committees? I am curious about the extent that Sarbanes-Oxley truly influences non-profit institutions. I appreciate any comments on this area of discussion from week 10.

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(3) Comments

Posted by: Paula Hafeman on October 25, 2009 10:36AM EST

As part of a non for profit HCO we follow the requirements as well. Our goal is to be compliant wiht all requirements

Posted by: Pirus Pradithavanij on December 16, 2009 9:31PM EST

I am wondering as well how Sarbanes-Oxley can apply to not-for-profit organization? Does non-for profit organization has shareholder to protect? The only benefit to not-for-profit organization I can see may be to improve internal control and reliability of financial statement.