Statement of Basis:	The statutory basis for amending rule 1.1.O is §§24-4-103 and 12-2-104(1)(b), (c), C.R.S. 

Statement of Purpose:	The purpose for the amended rule 1.1.O is to insure that the correct professional standards are used.  

1.1	DEFINITIONS

O.   Professional Standards.  For the purpose of these Rules, other Professional Standards shall include: 

1.	Statements on Standards for Consulting Services
2.	Statements on Standards for Tax Services
3.	Statements on Standards for Accounting and Review Services
4.	Statements on Responsibilities in Personal Financial Planning Practice
5.	Statements on Standards for Attestation Engagements

	The statements at 1.1.O.1-5. were issued by the AICPA and in effect as of March 28, 2007. This Rule does not include later amendments to or editions of the professional standards. Copies of professional standards may be inspected in the offices of the Board during regular business hours. The public should contact the Board's Program Director at 1560 Broadway, Suite 1340, Denver, CO 80202 to examine the professional standards.