Two Sarbanes-Oxley Regulations Your School Must Address

Ideas & Perspectives
Ideas & Perspectives

Volume 34

No. 6//

April 23, 2009

Soon after the enactment of the Sarbanes-Oxley Act (SOX), I&P recommended that private-independent schools adopt the “principles embodied in SOX” as “guidelines for schools to use in ensuring that their management of financial affairs instills confidence.” Private-independent schools, acting as nonprofit institutions, are not required to observe most of the regulations found in SOX. However, there are two regulations they must follow.

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