Navigation Links
Brooks Automation Executive and Board Member Should Use Sarbanes-Oxley Disclosure Rules in Non-Profit Role, Asserts 1199 SEIU
Date:2/6/2008

Union asks board member to seek restatement of Beth Israel Deaconess Medical Center audit

BOSTON, Feb. 6 /PRNewswire-USNewswire/ -- Brooks Automation CEO and director Robert Lepofsky should apply the same Sarbanes-Oxley standards used by Brooks and other publicly traded companies to his role as Vice Chairperson of the board of CareGroup, the parent organization of Beth Israel Deaconess Medical Center (BIDMC), according to labor group 1199 SEIU United Healthcare Workers East.

1199 SEIU asserts that board members who serve on publicly traded companies covered by Sarbanes-Oxley should apply their knowledge of Sarbanes-Oxley disclosure standards in their nonprofit roles.

Sarbanes-Oxley does not apply directly to nonprofit organizations. However, under Massachusetts law, nonprofit directors must use their specialized knowledge and experience in their role as nonprofit fiduciaries (Mass. Gen. Laws ch. 180 section 6C).

BIDMC's audit disclosures appear to commingle bad debt and charity care, a practice under scrutiny by the IRS and Congress. Charity care is a key metric for non-profits.

If Sarbanes-Oxley were applied to nonprofit organizations, BIDMC's reporting would likely not meet the "real time" and "plain English" requirements of Sarbanes-Oxley (SOX section 409) in disclosing charity care and bad debt. Inadequate charity care disclosure may endanger a hospital's state or local tax exemptions or expose the institution to other regulatory consequences.

A letter sent to Lepofsky and other Sarbanes-Oxley affected members of the boards of BIDMC and its parent organization CareGroup reads, "Your breadth of experience in the private sector combined with your service on non-profit CareGroup's board of directors uniquely positions you to recognize the deficiencies in BIDMC's financial reporting." The letter asks that fiduciaries request the withdrawal and revision of BIDMC's 2005 and 2006 audits in order to meet the h
'/>"/>

SOURCE 1199 SEIU United Healthcare Workers East
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. More Efficient, Effective and Personal Patient Care at New McCune-Brooks Hospital Made Possible by Siemens HiPath(R) Wireless
2. Brooks and the University of Florida Reach Research Agreement
3. Omnicell Introduces the Next Generation Central Pharmacy Automation Solution
4. Axeda Selected for Remote Monitoring and Service of Automation Technologies
5. IH Systems Announces $7.6 million in Financing to Advance RIVA Pharmacy Automation System
6. ResMed Names Kieran Gallahue as Chief Executive Officer, Effective January 1, 2008.
7. Align Technology Executive to Present at Upcoming Financial Conferences
8. Mediware Names Thomas K. Mann Chief Executive Officer
9. PRA International Adds Dr. Susan Stansfield as Executive Vice President
10. STERIS Corporation Board of Directors Names Walter M. Rosebrough Jr. President and Chief Executive Officer
11. Karen Vigil Named Senior Vice President and Chief Executive Officer, Blue Shield of Californias Individual, Small Group, and Government Business Unit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/5/2015)... York, New York (PRWEB) March 05, 2015 ... of men who allegedly suffered heart attacks, strokes and ... prescription low testosterone therapies continue to move forward in ... Court, Northern District of Illinois. According to a Case ... set forth procedures for the use of master pleadings ...
(Date:3/5/2015)... 2015 The Maricopa Community Colleges ... to the Arizona economy each year, according to a ... Economic Value of Maricopa County Community College District, summarizes ... district in fiscal year 2013-2014. , The analysis ... (EMSI), an organization that specializes in providing economic impact ...
(Date:3/5/2015)... Auburn, CA (PRWEB) March 05, 2015 ... and clinical solutions for the population health management arena, ... recently enhanced case management software, ACUITY Advanced Care™ (ACUITY) ... user interface, improved performance and the advantages of automation. ... 12:30 p.m. ET, will be led by Jeff Frater, ...
(Date:3/5/2015)... 05, 2015 Califia Farms , ... the natural products coffee drinks category[1], today unveils its ... West in Anaheim, Calif. Concentrated Cold Brew (CCB) ... Café, which democratizes the next wave of the coffee-taste ... need to become their own baristas. , Califia ...
(Date:3/5/2015)... March 05, 2015 For PASCHA Chocolate, ... most essential ingredients, the robust flavor of the cacao ... PASCHA Chocolate is free from peanuts, nuts, dairy, ... PASCHA's offering March 6th- 8th at Expo West., ... PASCHA Chocolate has broken new ground with their New ...
Breaking Medicine News(10 mins):Health News:Testosterone Lawsuits Move Forward, as Bernstein Liebhard LLP Comments on Most Recent Order Issued in Federal Litigation 2Health News:Testosterone Lawsuits Move Forward, as Bernstein Liebhard LLP Comments on Most Recent Order Issued in Federal Litigation 3Health News:Testosterone Lawsuits Move Forward, as Bernstein Liebhard LLP Comments on Most Recent Order Issued in Federal Litigation 4Health News:Maricopa Community Colleges Add $7.3 Billion to Local Economy Annually 2Health News:Maricopa Community Colleges Add $7.3 Billion to Local Economy Annually 3Health News:Complimentary Webinar to Explore Enhanced Version of Premier Case Management Software 2Health News:Complimentary Webinar to Explore Enhanced Version of Premier Case Management Software 3Health News:Califia Farms Personalizes At-Home Coffee Experience with the Launch of Concentrated Cold Brew Coffee 2Health News:Califia Farms Personalizes At-Home Coffee Experience with the Launch of Concentrated Cold Brew Coffee 3Health News:Califia Farms Personalizes At-Home Coffee Experience with the Launch of Concentrated Cold Brew Coffee 4Health News:PASCHA Allergen Free Organic Chocolate to Appear at Natural Products Expo West March 6-8, 2015 2
... sign of severe asthma, which means that healthcare professionals ... complaints. Furthermore, more severe asthma appears to be more ... Sahlgrenska Academy,s Krefting Research Centre. Published in the ... study included 30,000 randomly selected participants from the west ...
... Biochemical Engineering Conference is the premier venue for unveiling ... The primary goal of this international conference has always ... engineers from diverse backgrounds to share insights on how ... engineering. As it enters its fourth decade, BME XVII ...
... HealthDay Reporter , MONDAY, Dec. 20 (HealthDay News) -- ... study finds that infants breast-fed for six months or longer, ... compared to bottle-fed tots, according to a new study. ... its positive benefits," said study leader Wendy Oddy, a researcher ...
... Ellin Holohan HealthDay Reporter , FRIDAY, Dec. 17 ... better known as heartburn, is not much of a risk ... research. "It,s a rare cancer," said study author ... of Michigan department of internal medicine. "About 1 in ...
... Dec. 20 (HealthDay News) -- ,Tis the season to be jolly, ... to take care of yourself during the holiday rush. While ... other tasks associated with the season, you need to take steps ... health, said Dr. Gary Kaplan, founder of the Kaplan Center for ...
... , SATURDAY, Dec. 18 (HealthDay News) -- The ... for people with chronic pain or other persistent health conditions ... them at risk for missed doses and even medication errors, ... advance planning can ensure safe and effective medication use over ...
Cached Medicine News:Health News:Nasal congestion can mean severe asthma 2Health News:Biochemical and Molecular Engineering XVII Conference 2Health News:Biochemical and Molecular Engineering XVII Conference 3Health News:Do Breast-Fed Baby Boys Grow Into Better Students? 2Health News:Do Breast-Fed Baby Boys Grow Into Better Students? 3Health News:For Most, Chronic Heartburn Not a Big Risk for Esophageal Cancer 2Health News:For Most, Chronic Heartburn Not a Big Risk for Esophageal Cancer 3Health News:Hectic Holiday Pace Can Upset Medication Schedule 2
(Date:3/5/2015)... According to a new market research report ... by Type (Invasive, Minimally Invasive, Non-Invasive), by End-User (Hospitals, ... Analysis & Global Forecast to 2019" , the global ... Million by 2019 from $887.8 Million in 2014, and ... during the forecast period. Browse 111 ...
(Date:3/5/2015)... Ascendis Pharma A/S, a clinical stage ... to address significant unmet medical needs, today announced ... 2015 conference being held at the San Diego ... Thursday, March 5, 2015 during the Pediatric Endocrinology—Clinical/Translational ... and are titled: TransCon ...
(Date:3/5/2015)... March 5, 2015  MGC Diagnostics Corporation (NASDAQ: ... company, today reported financial results for the first ... 2015 first quarter domestic equipment, supplies and accessories ... $3.7 million in the 2014 first quarter.  During ... or $338,000 in revenue, compared to 14 accounts, ...
Breaking Medicine Technology:Hemodynamic Monitoring Systems Market Worth $1,107.4 Million by 2019 2Hemodynamic Monitoring Systems Market Worth $1,107.4 Million by 2019 3Hemodynamic Monitoring Systems Market Worth $1,107.4 Million by 2019 4Ascendis Pharma to Present at ENDO 2015 2MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 2MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 3MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 4MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 5MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 6MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 7MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 8MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 9MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 10MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 11MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results 12
... designed to travel a full 120 degrees, from ... wherever you release the rotating hand grip locking ... the handle with no need to ever go ... of system was designed to mimic the natural ...
Designed for Bariatric usage. Prevents arm or leg dropout during surgical procedures. Dimensions are 16"Lx10"H come in pairs. Optional gel pad available (BD2245)...
Designed to prevent arm or legs from dropouts during surgical procedures. Dimensions are 8"H x16"L. These come as pairs. Optional gel pads(BD2245)....
... Corporation offers a quality line ... to adults. Armboard covers are ... assuring easy cleaning while reducing ... Choose from three options: Disposable ...
Medicine Products: