Monday, June 13, 2005

Nonprofit audit act brings high-profile clash to O.C.

Nonprofit audit act brings high-profile clash to O.C.: "Nonprofit audit act brings high-profile clash to O.C.
Attorney general and charities spokeswoman differ over effectiveness of new law aimed at higher-funded groups.
By ERIKA TORRES
The Orange County Register
IRVINE � Attorney General Bill Lockyer and a top official from the California Nonprofits Association squared off Friday over the practicality of a new law mandating that charities with annual gross revenue of more than $2 million submit independent audits.
The Legislature approved the Nonprofit Integrity Act in response to concerns about some organizations' mishandling of finances and false advertising.
'We try to get the bad apples out of the barrel,' Lockyer said. 'That's basically what (the act) is all about"

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