Sarbanes-Oxley-like legislation would hit nonprofits hard
October 3, 2006
When the Sarbanes-Oxley Act was passed, the intentions were good.
But the results have been mixed.
The intention was to stop the kinds of fraudulent practices that brought down Enron.
Some companies continue to find ways to get around the provisions.
Most of them have complied, however.
And at considerable cost.
The cost has been much higher than expected."
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