Why has New Jersey City University contracted with EthicsPoint, a third party?
Following the Enron and other corporate scandals, Congress enacted the Sarbanes-Oxley Act of 2002, which addresses issues of governance, ethics, business process, and accountability. Although the Act does not apply to public or not-for-profit entities, the concerns it addresses are universal. The National Association of College and University Business Officers (NACUBO) have issued recommendations on how to deal with these concerns. One of NACUBOs recommendations is that institutions offer employees a confidential mechanism to communicate questions about accounting, auditing, internal control processes, and other ethical issues. Creating open channels of communication promotes a positive work environment, and an effective reporting system can be a useful tool in reducing fraud and abuse. New Jersey City University has hired a third party, EthicsPoint, to provide its employees with a simple, risk-free way to make anonymous and confidential financial reports on perceived or alleged miscon
