§ 5-3.1-2. Policy and purpose.
It is the policy of this state and the purpose of this chapter:
(1) To promote the dependability of information that is used for guidance in financial
transactions or for accounting for or assessing the financial status or performance
of commercial, noncommercial, and governmental enterprises;
(2) To protect the public interest by requiring that persons professing special competence
in accountancy or offering assurance as to the reliability or fairness of presentation
of that information demonstrate their qualification to do so, and that persons who
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§ 5-3.1-2. Policy and purpose.
It is the policy of this state and the purpose of this chapter:
(1) To promote the dependability of information that is used for guidance in financial
transactions or for accounting for or assessing the financial status or performance
of commercial, noncommercial, and governmental enterprises;
(2) To protect the public interest by requiring that persons professing special competence
in accountancy or offering assurance as to the reliability or fairness of presentation
of that information demonstrate their qualification to do so, and that persons who
have not demonstrated and maintained those qualifications, including, but not limited
to, certificate holders not in public practice, not be permitted to hold themselves
out as having that special competence or to offer that assurance;
(3) To regulate the professional conduct of persons licensed as having special competence
in accountancy, in all aspects of the practice of public accountancy;
(4) To establish a public authority competent to prescribe and assess the qualifications
of and to regulate the professional conduct of practitioners of public accountancy;
and
(5) To prohibit the use of titles relating to the practice of public accountancy that
are likely to mislead the public as to the status or competence of the persons using
those titles.