Saturday, February 23, 2008 In particular, the union, the 1.9-million-member Service Employees International, argues that a Boston hospital, Beth Israel Deaconess Medical Center, violated those standards by including its losses from bad debts in its tally of the charity care it provides. In a letter to Beth Israel Deaconess directors who also sit on the boards of for-profit companies, the union contends that the standards they apply to governing those companies require them to make the hospital restate the value it placed on the charitable care it provided in 2005 and 2006. Hospital’s Accounting Is Under Fire by a Union Labels: accountancy, non-profit Previous articles Small companies also can benefit from Sarbanes-Oxl...
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The union has little in the way of legal or regulatory grounds for its argument. And it’s not an organizing tactic. But the union’s point has been made. And I think we can expect more controversies like it.