Accounting and Audit Enforcement
Liberty University
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Summary
ACCOUNTING AND AUDIT ENFORCEMENT
Liberty University
ACCOUNTING AND AUDIT ENFORCEMENT
Sarbanes-Oxley Act of 2002 (SOX) only applies to publically trade companies. However, the scrutiny that nonprofit health organizations live under due to the nature of their business and tax-exempt status, likely leads the public to require that non-profit companies adhere to the same if not greater standards. SOX requires various standards be met to protect investors as well as increase corporate oversight of for profit health care organizations. Non-profit healthcare organizations tend to adher...
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