What CFOs should know--and do--about corporate responsibility.
Not-for-profit healthcare organizations are not immune to the scrutiny arising from corporate accounting scandals and legislation. Financial managers will play a critical role in satisfying corporate-responsibility concerns. Financial managers need to understand the public-policy concerns fueling the corporate-responsibility movement and the effects. Financial managers should take steps related to certifying financial statements, establishing audit committees, and ensuring independence of audits, among other actions.
Peregrine
Michael W
MW
Manatt, Phelps & Phillips, LLP, Los Angeles, California, USA. mperegrine@gcd.com
Schwartz
James R
JR
D005375:Financial Audit / Q000592:standards*; D005377:Financial Management, Hospital / Q000941:ethics*; D005607:Fraud / Q000517:prevention & control; D006740:Hospital Administrators / Q000941:ethics*; D006788:Hospitals, Voluntary / Q000191:economics*; D016134:Organizational Policy; D012941:Social Responsibility; D014481:United States