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California Seeks New Fix for Charity Accounting Fraud After Veto

Oct. 15, 2019, 7:09 PM

California is searching for another way to crack down on fraud in charitable donations of drugs and medical devices after a proposed accounting overhaul fizzled.

Gov. Gavin Newsom (D) vetoed on Oct. 12 a bill that proponents said would make charities more transparent about their finances but that critics said would have increased costs for not-for-profit groups nationwide.

Newsom alluded to those criticisms in his veto message of A.B. 1181.

“I am concerned that this bill may pose burdensome implementation challenges for the charities impacted by its provisions,” Newsom wrote, adding that he was “open to exploring ...

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