Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
UPMC ‘first’ makes it compliant with Sarbanes-Oxley law

UPMC ‘first’ makes it compliant with Sarbanes-Oxley law

by Rick Turoczy on October 10, 2006

UPMC said yesterday it had become the first nonprofit medical system in the country to be certified compliant with the most stringent provisions of Sarbanes-Oxley, a 2002 corporate governance law designed to prevent mistakes and corrupt accounting.

Private and nonprofit organizations such as UPMC, the region’s largest health-care system, are not required to comply with most of Sarbanes-Oxley, which was enacted in the wake of Enron and other corporate corruption scandals and requires public companies to install and monitor internal controls. But it’s expected that such organizations will begin moving to become compliant under the assumption that the law eventually will become mandatory for nonprofits and private concerns, too.

UPMC ‘first’ makes it compliant with Sarbanes-Oxley law

Leave a Comment

Previous post:

Next post: