Title 12, Professions and Occupations
0 chapters · 1,262 sections in this title.
Colo. Rev. Stat. § 12-100-101 Legislative declaration
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(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 po…
Colo. Rev. Stat. § 12-100-102 Applicability of common provisions
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Articles 1 and 20 of this title 12 apply, according to their terms, to this article 100. Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 793, � 1, effective October 1.
Colo. Rev. Stat. § 12-100-103 Definitions - rules
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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 Associati…
Colo. Rev. Stat. § 12-100-104 State board of accountancy - subject to termination
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(1) The state board of accountancy is hereby created and consists of seven members appointed by the governor. Each member of the board shall be a citizen of the United States and a resident of this state. Five members of the board shall be holders of valid certified public accoun…
Colo. Rev. Stat. § 12-100-105 Powers and duties of board
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(1) The board has the power and duty to: (a) Elect annually from among its members a chair and prescribe the duties of such office; (b) Make rules pursuant to the provisions of article 4 of title 24 and section 12-20-204; (c) Make appropriate rules of professional conduct in orde…
Colo. Rev. Stat. § 12-100-106 Fees
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(1) A fee authorized to be established pursuant to section 12-20-105 shall be paid for each application made to the board, whether it is an application for examination or reexamination or for issuance, renewal, reactivation, or reinstatement of a certificate of certified public a…
Colo. Rev. Stat. § 12-100-107 Certificate of certified public accountant - issuance - renewal - reinstatement - rules
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(1) The board shall grant a certificate of certified public accountant to any applicant who: (a) Repealed. (b) Satisfies the board of the applicant’s continued competence; or (c) (I) Passes a written examination pursuant to section 12-100-109; and (II) Meets the requirements of s…
Colo. Rev. Stat. § 12-100-108 Educational and experience requirements - rules
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(1) On and after July 1, 2015, a person meets the educational and experience requirements necessary to be issued a certificate of certified public accountant if the applicant: (a) (I) Has a baccalaureate or higher degree conferred by an accredited college or university with an ac…
Colo. Rev. Stat. § 12-100-109 Examinations - reexaminations - rules
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(1) The board shall provide licensure examinations as often as necessary to provide candidates a reasonable opportunity to take the examination. Examinations shall adequately test a candidate's knowledge of accounting, auditing, and any other related subject the board deems relev…
Colo. Rev. Stat. § 12-100-110 Approval of schools
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(1) The board shall approve the accounting program of the schools that meet the following requirements: (a) The school has a curriculum designed to give the candidate proficiency in those subjects in which the candidate must pass an examination to be licensed. (b) The school shal…
Colo. Rev. Stat. § 12-100-111 Issuance of certificate by reciprocity
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The board may issue a certificate of certified public accountant to an applicant who satisfies the requirements of the occupational credential portability program. Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 800, � 1, effective October 1. L. 202…
Colo. Rev. Stat. § 12-100-112 Use of the title certified public accountant
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(1) (a) A person who has received from the board and holds an active certificate of certified public accountant shall be styled and known as a certified public accountant and may also use the abbreviation C.P.A. (b) A partnership, professional corporation, or limited liability co…
Colo. Rev. Stat. § 12-100-113 Status - retired - inactive
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(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 r…
Colo. Rev. Stat. § 12-100-114 Partnerships, professional corporations, and limited liability companies composed of certified public accountants - registration - rules - definitions
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(1) Except as provided in section 12-100-117 (2), a partnership, professional corporation, or limited liability company engaged in this state in the practice of public accounting as certified public accountants shall register with the board as a partnership, professional corporat…
Colo. Rev. Stat. § 12-100-115 Continuing education - rules
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(1) (a) As a condition of renewing, reactivating, or reinstating a certificate of certified public accountant, every applicant shall comply with continuing education requirements adopted by the board. (b) A nonresident certificate holder applying to renew, reactivate, or reinstat…
Colo. Rev. Stat. § 12-100-116 Unlawful acts - definition
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(1) (a) (I) No person, partnership, professional corporation, or limited liability company shall issue, author, or publish any opinion or certificate relating to any accounting or financial statement if the opinion or certificate utilizes any title or designation, the use of whic…
Colo. Rev. Stat. § 12-100-117 Exceptions - acts not prohibited - rules
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(1) Nothing in this article 100 shall prohibit any person who is not a certified public accountant from serving as an employee of or an assistant to a certified public accountant holding an active certificate or serving as an employee or assistant of a validly registered partners…
Colo. Rev. Stat. § 12-100-118 Single act evidence of practice
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Any person who displays, utters, or causes to be displayed or uttered a card, sign, advertisement, or other printed, engraved, or written instrument or device bearing the person's name in conjunction with the words certified public accountant, the abbreviation C.P.A., or any titl…
Colo. Rev. Stat. § 12-100-119 Inactive certificant. (Repealed)
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Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 811, � 1, effective October 1; entire section repealed, (SB 19-155), ch. 235, p. 2338, � 21, effective October 1. Editor's note: (1) (a) This section was similar to former � 12-2-122.5 as it existed pr…
Colo. Rev. Stat. § 12-100-120 Grounds for disciplinary action - administrative penalties
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(1) After notice and hearing as provided in section 12-100-123, the board may take disciplinary or other action as authorized in section 12-20-404 and impose other conditions or limitations on a person for any of the following causes: (a) Fraud or deceit in obtaining or in attemp…
Colo. Rev. Stat. § 12-100-121 Response to board communication
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A certificant shall, at the request of the board, respond to communications from the board within thirty days after the mailing of any communication. Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 814, � 1, effective October 1. Editor's note: This …
Colo. Rev. Stat. § 12-100-122 Revocation or suspension of partnership, professional corporation, or limited liability company registration
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(1) After notice and hearing as provided in section 12-100-123, the board shall revoke the registration of a partnership, professional corporation, or limited liability company if, at the time of the hearing, the partnership, professional corporation, or limited liability company…
Colo. Rev. Stat. § 12-100-123 Hearings before board - notice - procedure - review
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(1) (a) The board may initiate proceedings under this article 100, either on its own motion or on the complaint of any person. (b) The board, through the department, may employ administrative law judges on a full-time or part-time basis to conduct hearings as provided by this art…
Colo. Rev. Stat. § 12-100-124 Investigations - findings - board actions - confidentiality of complaints
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(1) The board, on its own motion based on reasonable grounds or on the signed, written complaint of any person, may investigate any person who has engaged, is engaging, or threatens to engage in any act or practice that constitutes a violation of any provision of this article 100…
Colo. Rev. Stat. § 12-100-125 Judicial review
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(1) Section 12-20-408 governs judicial review of a final action or order of the board. (2) For the purposes of review, the residence of the board shall be the city and county of Denver. Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 818, � 1, effec…
Colo. Rev. Stat. § 12-100-126 Reconsideration and review of action of board
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The board, on its own motion or upon application, at any time after the imposition of any discipline as provided in section 12-100-120 (1), may reconsider its prior action and reinstate or restore the license or terminate probation or reduce the severity of its prior disciplinary…
Colo. Rev. Stat. § 12-100-127 Unauthorized practice - penalties
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Any person who violates section 12-100-112 or 12-100-116 (1)(a) is subject to penalties pursuant to section 12-20-407 (1)(a). Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 818, � 1, effective October 1. Editor's note: This section is similar to fo…
Colo. Rev. Stat. § 12-100-128 Ownership of accountant's working papers
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All statements, records, schedules, working papers, and memoranda made by a certified public accountant incident to or in the course of professional service to a client by the certified public accountant, except financial statements submitted by a certified public accountant to a…
Colo. Rev. Stat. § 12-100-129 Ownership of state auditor's working papers
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Except for reports submitted to the legislative audit committee and books and records prepared for use by such committee, all statements, records, schedules, working papers, and memoranda prepared by a certified public accountant in the employ of the state auditor's office, in th…
Colo. Rev. Stat. § 12-100-130 Repeal of article - subject to review
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This article 100 is repealed, effective September 1, 2030. Before the repeal, the state board of accountancy is scheduled for review in accordance with section 24-34-104. Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 819, � 1, effective October 1;…