Sarbanes-Oxley impetus for enterprise risk management.
By improving the integrity of financial reporting, voluntary compliance with the Sarbanes-Oxley Act can help a not-for-profit healthcare organization preserve its reputation within its community. Because SOX compliance is not mandatory for not-for-profits, they have great flexibility in how they structure their compliance activities. Making SOX compliance a part of a larger enterprise risk management program can help not-for-profits to streamline and coordinate their approach to all risk-be it financial, operational, or strategic.
Giniat
Edward
E
KPMG LLP, Chicago, Illinois, USA. eginiat@kpmg.com
Saporito
Joseph
J
D005377:Financial Management, Hospital / Q000191:economics / Q000458:organization & administration*; D006788:Hospitals, Voluntary / Q000191:economics / Q000458:organization & administration; D019221:Mandatory Reporting; D012308:Risk Management / Q000458:organization & administration*; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States