§ 12-100-113 — Status - retired - inactive

(1) Retired status. (a) Any person
who has received from the board and holds a certificate of certified public
accountant, including an expired certificate of certified public accountant that
remains subject to renewal, reactivation, or reinstatement, may apply to the board
for retired status. The board may grant retired status by issuing a retired status
certificate of certified public accountant to any person who meets established
conditions prescribed by the board.

(b) Any person issued a retired status certificate of certified public
accountant may be styled and known as a retired certified public accountant or
retired C.P.A.

(c) During the time a certified public accountant remains in a retired status,
the person shall not perform those acts set forth in section 12-100-116 (1)(a) and
(1)(b). The board retains jurisdiction over retired status certified public accountants.

(2) Inactive status. (a) The holder of a certificate of certified public
accountant, upon notice to the board in any form or manner designated by the
board, shall have the holder's name transferred to an inactive list and shall not be
required to comply with the continuing education requirements for certificate
renewal pursuant to section 12-100-115 so long as the holder remains inactive. Each
inactive certificant shall register in the same manner as active certificate holders
and pay a fee pursuant to section 12-20-202 (1). To resume the practice of public
accounting as a certified public accountant, the holder must file an application,
meet any education requirements imposed by the board, and pay a fee as
established by the director.

(b) During the time a certified public accountant remains in an inactive
status, the certified public accountant shall not perform those acts restricted to
active certified public accountants pursuant to section 12-100-116 (1)(a). The board
retains jurisdiction over inactive certified public accountants for the purposes of
disciplinary action pursuant to section 12-100-120.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 801, � 1, effective October 1; entire section amended, (SB 19-155), ch. 235, p. 2334, � 14, effective October 1.