Colorado Society of Cpas

“In addition to those listed on part vii who are charged with governance of the organization, the chair of the young professionals council shall be a non-voting, ex-officio member of the board.”

“The organization changed the following membership categories: (a) fellow members: this class shall consist of holders of valid and unrevoked certificates of certified public accountant issued by the state board of accountancy of colorado, or issued by authority of other states or territories of the united states, or the district of columbia. The right to vote in the election of officers and directors or upon questions affecting the privileges, rights, duties, and aims of certified public accountants shall rest solely in this class of membership. Fellow members, in order to retain membership, shall complete continuing professional education (cpe) requirements established by the board of directors. (b) non-cpa professional members. This class shall consist of persons, other than holders of certified public accountant certificates, who have a direct interest in the profession of the certified public accountant. This class is open, but not limited to, persons who are (1) members of the professional or administrative staff of a certified public accountant, or firm thereof, or (2) pursuing further requirements to become a cpa, having graduated from a post-secondary college or university university, or (3) accounting professionals employed in industry, government, or not-for-profit organizations, or (4) faculty members in accounting at accredited colleges or universities, or (5) non-cpa owners of cpa firms. The board of directors may designate classifications of non-cpa professional members, with such member privileges, responsibilities, eligibility, and rates as the board shall adopt, by majority vote of the entire board of directors. Non-cpa professional members are not entitled to vote or hold elective office as an officer. Non-cpa professional members are exempted from the membership cpe requirements. Any non-cpa professional member in good standing, upon qualifying under section 1 (a) of this article, shall be transferred to the class of fellow member. (c) student members. This class shall consist of students in a post-secondary business program at a college or university, which program satisfies the academic preparation requirements for taking the cpa examination. Student members, in order to retain membership, shall pay dues as established by the society and conform with these bylaws. Eligibility will cease upon graduation. Any student member in good standing, upon qualifying under section 1 (b) of this article, shall be transferred to the class of non-cpa professional member. Student members are exempted from the membership cpe requirements. (d) in addition to the requirements set out in section (a) and (b) above, an applicant for membership: i. If engaged in the practice of public accounting as a proprietor, partner, or shareholder, or as an employee who has been licensed as a cpa for more than two years, shall be practicing in a firm enrolled in a society approved practice monitoring program. (e) fellow and associate members of the society, in order to retain membership, shall: i. Pay dues as established by the society. Ii. Conform with these bylaws and rules of the code of professional conduct. Iii. Engage in the practice of public accounting only with a firm that is enrolled in a society approved practice monitoring program. (f) honorary members: this class shall consist of persons who are entitled to receive such honor by virtue of their ability and their outstanding service to the accounting profession and the community. Honorary members shall be elected by the vote of two thirds of the members of the board of directors present at any meeting. Honorary members shall have all of the rights of any class of member except the right to vote. Honorary members are exempted from the membership cpe requirements. (e) life members: this class shall consist of any person who has been a dues-paying member of the society for forty (40) years and is fully retired as that term is defined in the colorado accounting statute.”

“Fellow members: consists of holders of valid and unrevoked certificates of certified public accountant issued by the state board of accountancy of colorado or issued by authority of other states or territories of the united states, or district of columbia. Fellow members, in order to retain membership, shall complete continuing professional education (cpe) requirements established by the board of directors. Non-cpa professional members: consist of persons, other than holders of certified public accountant certificates, who have a direct interest in the profession of the certified public accountant. This class is open, but not limited to, persons who are (1) members of the professional or administrative staff of a certified public accountant, or firm thereof, or (2) pursuing further requirements to become a cpa, having graduated from a post-secondary college or university university, or (3) accounting professionals employed in industry, government, or not-for-profit organizations, or (4) faculty members in accounting at accredited colleges or universities, or (5) non-cpa owners of cpa firms. The board of directors may designate classifications of non-cpa professional members, with such member privileges, responsibilities, eligibility, and rates as the board shall adopt, by majority vote of the entire board of directors student members: consists of students in a post-secondary business program at a college or university, which program satisfies the academic preparation requirements for taking the cpa examination. Student members, in order to retain membership, shall pay dues as established by the society and conform with these bylaws. Eligibility will cease upon graduation. Any student member in good standing, upon qualifying under section 1 (b) of this article, shall be transferred to the class of non-cpa professional member. Student members are exempted from the membership cpe requirements. Honorary members: consists of persons who are entitled to receive such honor by virtue of their ability and their outstanding service to the accounting profession and the community. Honorary members shall be elected by the vote of two thirds of the members of the board of directors present at any meeting. Honorary members are exempted from the membership cpe requirements. Life members: consist of any person who has been a dues-paying member of the society for forty (40) years and is fully retired as that term is defined in the colorado accounting statute.”

“The right to vote in the election of officers and directors or upon questions affecting the privileges, rights, duties, and aims of certified public accountants shall rest solely in the fellow members class of membership.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The form 990 is reviewed by the ceo, who is a cpa. The form is then forwarded to the financial oversight committee and the board of directors, most of whom are cpas, for their review before filing.”

“Officers and directors are asked to self-report any potential conflicts. In addition, the ceo, cfo, and board chair anticipate and discuss in advance whether any officer or director should excuse himself/herself from a vote on any matter due to a potential conflict of interest. The officer or director is advised of the necessity to abstain before the vote.”

“Compensation for the ceo is determined and approved by an independent compensation committee using salary survey information. The compensation process and outcomes are summarized on a ceo compensation form and signed by the board chair to be maintained with the payroll records. This was last undertaken in february 2024.”

“The organization's bylaws, code of professional conduct, and audited financial statements are made available to the public on the organization's web site (www.cocpa.org).”

“Marketing/communications services 311,388. It consulting services 55,600. Peer review technical evaluation services 59,488. Contract labor - peer review 60,000. Contract labor - writing services 18,779. Instructor expense/honorariums 89,985. Other professional services 32,777.”