(225 ILCS 450/0.02) (from Ch. 111, par. 5500.02)
(Section scheduled to be repealed on January 1, 2014)
Sec. 0.02.
It is the policy of this State and the purpose of this Act:
(a) To promote the dependability of information which is used for guidance
in financial transactions or for accounting for or assessing the status
or performance of commercial and noncommercial enterprises, whether public,
private, or governmental; and
(b) To protect the public interest by requiring that persons engaged in
the practice of public accounting be qualified; that a public authority
competent to prescribe and assess the qualifications of public accountants
be established; and that
(c) Preparing, auditing or examining financial statements and issuing
a report expressing or disclaiming an opinion on such statements or expressing
assurance on such statements be reserved to persons who demonstrate their
ability and fitness to observe and apply the standards of the accounting
profession; and that the use of accounting titles likely to confuse the
public be prohibited.
(Source: P.A. 85-1209.)
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