2018 Colorado Revised Statutes
Title 12 - Professions and Occupations
General
Article 2 - Accountants
§ 12-2-102. Definitions
- As used in this article, unless the context otherwise requires:
(1) "Accredited college or university" means either:
(a) A college or university which is accredited by one of the following regional accrediting 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 association of schools and colleges;
(V) The southern association of colleges and schools;
(VI) The western association of schools and colleges; or
(b) A college or university which meets academic standards substantially equivalent to the standards of the agencies specified in paragraph (a) of this subsection (1). The board shall establish by rule what constitutes substantially equivalent academic standards.
(1.5) "Board" means the state board of accountancy.
(2) "Foreign corporation" means a corporation organized under the laws of another state, which meets the requirements of section 12-2-117 (7).
(2.5) "Foreign limited liability company" means a limited liability company organized under the laws of another state, which meets the requirements of section 12-2-117 (7).
(2.7) "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.
(2.9) "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.
(3) "Person" includes individuals, partnerships, professional corporations, and limited liability companies.
(4) "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.
(5) "State" means any state, territory, or insular possession of the United States and the District of Columbia.
