1. (1) The board shall grant a certificate of certified public accountant to any applicant who:

   1. (a) Repealed.
   2. (b) Satisfies the board of the applicant's continued competence; or

   3. (c)

      1. (I) Passes a written examination pursuant to section 12-100-109; and
      2. (II) Meets the requirements of section 12-100-108.
2. (2) All certificates issued pursuant to this article 100 are subject to the renewal, expiration, reinstatement, and delinquency fee provisions specified in section 12-20-202 (1) and (2). Any person whose certificate has expired shall be subject to the penalties provided in this article 100 or section 12-20-202 (1).
3. (3) Any person who practices certified public accounting after the expiration of his or her certificate shall be practicing in violation of this article 100. The board may refuse to reactivate or reinstate any expired certificate for conduct that constitutes a violation of this article 100.
4. (4) Effective on the first renewal period established by the board after May 31, 2011, the board shall not renew the certificate of a holder who issues attest or compilation reports unless the certificate holder performs public accounting within a partnership, professional corporation, or limited liability company or the certificate holder has undergone a peer review conducted according to rules promulgated by the board that meet the standards for performing and reporting on a peer review of the American Institute of Certified Public Accountants or an equivalent standard.

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 797, § 1, effective October 1. L. 2020: (1)(a) repealed, (HB 20-1326), ch. 126, p. 532, § 9, effective June 25.

Editor's note: This section is similar to former § 12-2-108 as it existed prior to 2019.

Cross references: For the short title (Red Tape Reduction Act) and the legislative declaration in HB 20-1326, see sections 1 and 2 of chapter 126, Session Laws of Colorado 2020.