§ 12-100-103 — Definitions - rules

Colorado § 12-100-103

• Jurisdiction: Colorado
• Title 12: Professions
• Art.: Accountants

Text

As used in this article 100, unless the context
otherwise requires:

(1) Accredited college or university means either:

(a) A college or university that is accredited by one of the following regional
accrediting agencies or their successor agencies:

(I) The Middle States Association of Colleges and Schools;

(II) The North Central Association of Colleges and Schools;

(III) The New England Association of Schools and Colleges;

(IV) The Northwest Commission on Colleges and Universities;

(V) The Southern Association of Colleges and Schools;

(VI) The Accrediting Commission for Schools, Western Association of
Schools and Colleges; or

(b) A college or university that meets academic standards substantially
equivalent to the standards of the agencies specified in subsection (1)(a) of this
section. The board shall establish by rule what constitutes substantially equivalent
academic standards.

(2) Board means the state board of accountancy created in section 12-100-104.

(3) Foreign corporation means a corporation organized under the laws of
another state that meets the requirements of section 12-100-114 (11).

(4) Foreign limited liability company means a limited liability company
organized under the laws of another state that meets the requirements of section
12-100-114 (11).

(5) Limited liability company means a limited liability company organized
for the sole purpose of providing professional services to the public customarily
performed by certified public accountants and includes foreign limited liability
companies.

(6) Peer review means a study, appraisal, or review by an independent
certified public accountant of one or more aspects of the professional work of
another certified public accountant or of a registered partnership, corporation, or
limited liability company that issues attest or compilation reports.

(7) Person includes individuals, partnerships, professional corporations,
and limited liability companies.

(8) Professional corporation means a corporation organized for the sole
purpose of providing professional services to the public customarily performed by
certified public accountants and includes foreign corporations.

(9) State means any state, territory, or insular possession of the United
States and the District of Columbia.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 793, � 1, effective October 1; (1)(a) amended, (SB 19-155), ch. 235, p. 2334, � 12, effective October 1.