does sarbanes oxley apply to not for profit entities?
Sarbanes-Oxley will subject public companies in the United States to a host of new governance and other requirements. Although not-for-profit corporations, including hospitals and healthcare systems, are not literally subject to Sarbanes-Oxley, they soon may feel its effects-especially of the governance provisions: States may emulate Sarbanes-Oxley provisions in legislation targeting not-for-profit organizations-especially states that have experienced notorious not-for-profit bankruptcies and other scandals; Bond markets and state attorneys general may require similar governance provisions to regulate financing transactions and not-for-profit and charitable entity reporting; Insurers may penalize entities that don't comply with Sarbanes-Oxley provisions; and