(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 accountant certificates issued under the laws of this state, a majority of whom are engaged in active practice as certified public accountants. Two members of the board shall be members of the public who do not hold a certified public accountant certificate. Members shall be appointed for terms of four years each. Any vacancy occurring during a term shall be filled by appointment by the governor for the unexpired term. Upon the expiration of a member's term of office, the member shall continue to serve until a successor is appointed. In no event shall a member of the board serve more than two consecutive terms. The governor shall remove from the board any member whose certificate has become void or has been revoked or suspended and may remove any member of the board for neglect of duty, misconduct, or incompetence.
A majority of the board shall constitute a quorum for the transaction of business.
In any proceeding in court, civil or criminal, arising out of or founded upon anyprovision of this article 100, a copy of the records of the board certified as correct by the board shall be admissible in evidence as being the records of the board.
The disclosure of reports or working papers subpoenaed by the board or any personor group authorized by the board to conduct an investigation into audit or review attest activities of a certified public accountant or certified public accounting firm pursuant to section 13-90-107 (1)(f)(III) or (1)(f)(IV) that is not in good faith shall subject the member of the board, person, or group to civil liability for damages to be determined by a court of competent jurisdiction.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 794, § 1, effective October 1.
Editor's note: This section is similar to former § 12-2-103 as it existed prior to 2019.