SENATE BILL 97173
BY SENATORS Bishop, Chlouber, Hernandez, and Martinez;
also REPRESENTATIVES Lawrence, Morrison, Schwarz,
Swenson, and S. Williams.
CONCERNING THE ESTABLISHMENT OF A RETIRED STATUS
FOR PERSONS WHO HOLD A CERTIFICATE OF CERTIFIED PUBLIC ACCOUNTANT.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. Article
2 of title 12, Colorado Revised Statutes, 1991 Repl. Vol., as
amended, is amended BY THE ADDITION OF A NEW SECTION to read:
122115.5. Retired certified
public accountant. (1) 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 SUCH STATUS BY ISSUING A RETIRED
STATUS CERTIFICATE OF CERTIFIED PUBLIC ACCOUNTANT TO ANY PERSON
WHO MEETS ESTABLISHED CONDITIONS PRESCRIBED BY THE BOARD.
(2) 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."
(3) DURING SUCH TIME AS A CERTIFIED PUBLIC
ACCOUNTANT REMAINS IN A RETIRED STATUS, SUCH PERSON SHALL NOT
PERFORM THOSE ACTS SET FORTH IN SECTION 122120 (6)
(a) AND (6) (b). THE BOARD SHALL RETAIN JURISDICTION OVER RETIRED
STATUS CERTIFIED PUBLIC ACCOUNTANTS.
SECTION 2. 122115,
Colorado Revised Statutes, 1991 Repl. Vol., is amended to read:
122115. Use of the title
"certified public accountant".
Any 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.". No other person shall assume or use the title
certified public accountant or the abbreviation "C.P.A."
or any other word, words, letters, or figures to indicate that
the person using the same is a certified public accountant, EXCEPT
AS PROVIDED IN SECTION 122115.5. The terms chartered
accountant and certified accountant and the abbreviation "C.A."
are specifically prohibited to such other persons as being misleading
to the public.
SECTION 3. Safety
clause. The general assembly hereby finds, determines, and
declares that this act is necessary for the immediate preservation
of the public peace, health, and safety.
____________________________ ____________________________
Tom Norton Charles E. Berry
PRESIDENT OF SPEAKER OF THE HOUSE
THE SENATE OF REPRESENTATIVES
____________________________ ____________________________
Joan M. Albi Judith M. Rodrigue
SECRETARY OF CHIEF CLERK OF THE HOUSE
THE SENATE OF REPRESENTATIVES
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE
OF COLORADO