Accountability, transparency, and compliance, are three principles which form the bedrock of best practices in nonprofit governance and are at the heart of a lively debate that has unfolded over the past five years. However, most governing board members do not associate the realization of these principles with the task of completing Form 990, the…

Reviews how the principles of the new Sarbanes-Oxley accounting legislation could apply to the non-profit world of higher education, particularly regarding audit practices. (EV)

This article argues that the information fund accounts provide about a college's financial health is too limited and that global accounting provides more complete and accessible records of institutional performance, including total income and spending. The experience of Williams College (Massachusetts) is used as an example. (MSE)