(1) (a) As a condition of renewing, reactivating, or reinstating a certificate of certified public accountant, every applicant shall comply with continuing education requirements adopted by the board.
(b) A nonresident certificate holder applying to renew, reactivate, or reinstate a certificate of certified public accountant issued in this state that demonstrates compliance, through an attestation submitted with a renewal, reactivation, or reinstatement application, with the continuing education requirements for renewal, reactivation, or reinstatement of a certificate in the state in which the certificate holder's principal place of business is located is deemed to have satisfied the continuing education requirements of this section.
(2) The board shall promulgate rules governing the following:
(a) The basic requirements for continuing education; except that the board shall not require continuing education of more than eighty hours every two years; (b) A delineation of qualifying programs; (c) A system of control and reporting.
In exercising its power under subsection (2) of this section, the board shall, as a basisfor a high standard of practice by certified public accountants, establish requirements that will assure reasonable currency of knowledge. The requirements shall assure that a variety of alternative means of compliance with continuing education requirements are available to certificate holders and shall take cognizance of specialized areas of practice.
The board shall make exceptions from continuing education requirements for holdersof certificates who are not engaged in public practice or who cannot continue their education for reasons of health, military service, or other good cause. If the holders of certificates return to the practice of public accounting, the holders of certificates shall meet the continuing education requirements as the board may determine.
The board shall determine in each case whether a holder of certificate of certifiedpublic accountant has complied with continuing education requirements adopted by the board or has demonstrated compliance, in accordance with subsection (1)(b) of this section, with the continuing education requirements of the state in which the certificate holder's principal place of business is located.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 807, § 1, effective October 1; (1) and (5) amended, (SB 19-155), ch. 235, p. 2335, § 15, effective October 1.
Editor's note: (1) This section is similar to former § 12-2-119 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.