§ 5-3.1-2 - Policy and purpose.
SECTION 5-3.1-2
§ 5-3.1-2 Policy and purpose. – It is the policy of this state and the purpose of this chapter:
(1) To promote the dependability of information which is usedfor guidance in financial transactions or for accounting for or assessing thefinancial status or performance of commercial, noncommercial, and governmentalenterprises;
(2) To protect the public interest by requiring that personsprofessing special competence in accountancy or offering assurance as to thereliability or fairness of presentation of that information demonstrate theirqualification to do so, and that persons who have not demonstrated andmaintained those qualifications, including, but not limited to, certificateholders not in public practice, not be permitted to hold themselves out ashaving that special competence or to offer that assurance;
(3) To regulate the professional conduct of persons licensedas having special competence in accountancy, in all aspects of the practice ofpublic accountancy;
(4) To establish a public authority competent to prescribeand assess the qualifications of and to regulate the professional conduct ofpractitioners of public accountancy; and
(5) To prohibit the use of titles relating to the practice ofpublic accountancy which are likely to mislead the public as to the status orcompetence of the persons using those titles.