Arkansas § 17-12-102 Purpose

Arkansas Statutes

§ 17-12-102 — Purpose

Arkansas § 17-12-102

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This text of Arkansas § 17-12-102 (Purpose) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 17-12-102 (2026).

Text

It is the policy of this state, and the purpose of this chapter, to promote the dependability of information which is used for guidance in financial transactions or for accounting for or assessing the status or performance of commercial and noncommercial enterprises, whether public or private. The public interest requires:

(1)That persons attesting as experts in accountancy to the reliability or fairness of presentation of such information be qualified in fact to do so;

(2)That a public authority competent to prescribe and assess the qualifications of public accountants be established; and (3) That the attestation of financial information by persons professing expertise in accountancy be reserved to persons who demonstrate their ability and fitness to observe and apply the standards of t

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It is the policy of this state, and the purpose of this chapter, to promote the dependability of information which is used for guidance in financial transactions or for accounting for or assessing the status or performance of commercial and noncommercial enterprises, whether public or private. The public interest requires: (1) That persons attesting as experts in accountancy to the reliability or fairness of presentation of such information be qualified in fact to do so; (2) That a public authority competent to prescribe and assess the qualifications of public accountants be established; and (3) That the attestation of financial information by persons professing expertise in accountancy be reserved to persons who demonstrate their ability and fitness to observe and apply the standards of the accounting profession.