2023 Colorado Revised Statutes › Title 12 - PROFESSIONS AND OCCUPATIONS (§§ 12-1-101 — 12-315-310) › BUSINESS PROFESSIONS AND OCCUPATIONS (§§ 12-100-101 — 12-165-113) › Article 100 - ACCOUNTANTS (§§ 12-100-101 — 12-100-130) › Section 12-100-103 - Definitions - rules

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.
Amended by 2019 Ch. 235,§ 12, eff. 10/1/2019.
Renumbered from C.R.S. §
12-2-102
and amended by 2019 Ch. 136,§ 1, eff. 10/1/2019.
Amended by 2019 Ch. 235,§ 3, eff. 7/1/2019.
L. 70: p. 97, § 13. C.R.S. 1963: § 2-1-31. L. 90: (2) and (4) amended, p. 744, § 2, effective July 1. L. 91: (1) amended and (1.5) added, p. 1669, § 1, effective March 27. L. 93: (2.5) and (2.7) added and (3) amended, p. 24, § 1, effective July 1. L. 2010: (2.9) added, (HB 10-1236), ch. 146, p. 506, §28, effective July 1.
(1) This section is similar to former § 12-2-102 as it existed prior to 2019.
(2) Before its relocation in 2019, this section was amended in SB 19-155. Those amendments were superseded by the repeal and reenactment of this title 12, effective October 1, 2019. For those amendments to the former section in effect from July 1, 2019, to October 1, 2019, see SB 19-155, chapter 235, Session Laws of Colorado 2019.