November 25, 2004
Accountability Law Spurs Charities to Make Changes
Almost half -- 48 percent -- of nonprofit organizations that responded to a recent survey by Grant Thornton, an accounting and business advisory group, said they had voluntarily made changes in their operations as a result of the 2002 federal Sarbanes-Oxley Act that was designed to improve corporate governance and accountability.
Only 20 percent of nonprofit officials reported making such changes in a similar survey conducted by Grant Thornton a year ago.
What's more,
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