§ 12-100-101 — Legislative declaration

(1) It is declared to be in the interest of
the citizens of the state of Colorado and a proper exercise of the police power of
the state of Colorado to provide for the licensing and registration of certified public
accountants, to ensure that persons who hold themselves out as possessing
professional qualifications as certified public accountants are, in fact, qualified to
render accounting services of a professional nature, and to provide for regulation of
certified public accountants employed, serving clients, or doing business in
Colorado and the maintenance of high standards of professional conduct by those
licensed and registered as certified public accountants. Because of the customary
reliance by the public upon audited financial statements and upon financial
information presented with the opinion or certificate of persons purporting to
possess expert knowledge in accounting or auditing, it is further declared to be in
the interest of the citizens to limit and restrict, under the circumstances set forth in
this article 100, the issuance of opinions or certificates relating to accounting or
financial statements that utilize or contain wording indicating that the author has
expert knowledge in accounting or auditing or that purport to express an
independent auditor's opinion as to financial position, financial results of
operations, changes in financial position, reliability of financial information, or
compliance with conditions established by law or contract to persons licensed or
registered pursuant to this article 100.

(2) It is declared that the state board of accountancy may invoke discipline
proactively with regard to certified public accountants employed, serving clients, or
doing business in Colorado when required for the protection of the public health,
safety, and welfare of the citizens of this state.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 793, � 1, effective October 1.