ABSTRACT
With trust being challenged in all organizations, including nonprofits, governments and watchdog groups are reexamining regulations. Most important since 2002 has been the Sarbanes-Oxley Act (SOX). Its focus is on organizational governance as viewed as the mechanisms, processes, and relations by which economic entities are controlled and directed. While only two of SOX sections, whistleblower and document preservation (section 802), have been added by the Internal Revenue Service in its new Form 990, the trend, especially among watchdog groups has been to push SOX as best practices.
