What Verdica's 656 score means for Eldred Alexander
Eldred Alexander's composite score of 656 out of 850 places this accounting provider in the elevated risk band (580–669). This grade B rating indicates that while the provider meets minimum regulatory thresholds, there are meaningful concerns that warrant additional scrutiny before engagement.
A score in this range suggests the provider is operating legally and maintains current licensing, but has not demonstrated the consistency, depth of experience, or clean compliance record that would earn a higher rating. For business owners or entities selecting an accounting provider, a 656 score means due diligence beyond standard credential verification is prudent. The provider is not in the high-risk category (which would flag serious red flags), but they are not yet in the acceptable-to-excellent bands where confidence would be higher.
Readers should interpret this as: verify services, scope, and references carefully before committing to a long-term relationship. The elevated risk classification does not disqualify the provider, but it does justify asking harder questions about their specific experience with your industry, their quality control processes, and their track record with clients similar to your situation.
How the sub-scores break down
License & Credentials: 340
This sub-score is notably low and is the primary driver of the overall B grade. A score of 340 suggests gaps in professional credentials, licensing status, or educational qualifications when measured against industry standards. In accounting, this dimension typically reflects whether a provider holds required CPA licenses, maintains active registrations with state boards, completes continuing education requirements, and holds any relevant specialist certifications. A low sub-score here signals that the provider may lack certain credentials expected for the scope of work, have incomplete or expired licenses, or not meet the full credential profile typical for their market position.
PCAOB Record: 810
This score is strong and represents the provider's performance history under Public Company Accounting Oversight Board oversight and audit findings. A score of 810 indicates that any PCAOB inspection or audit findings on record are relatively minor, or that the provider has a limited history of significant compliance failures in their inspection reports. This is a bright spot in the profile and suggests that, from a regulatory inspection standpoint, quality control and audit procedures are largely aligned with PCAOB standards.
Disciplinary: 850
A perfect score in this dimension means there are no substantive disciplinary actions, complaints, or enforcement history indexed against Eldred Alexander in state or federal records. This indicates a clean disciplinary record—no license suspensions, revocations, fines, or substantiated complaints on file. This is the strongest sub-score and represents a meaningful positive factor.
What regulators in CO track for accounting providers
Colorado's state board and the PCAOB monitor accounting providers across several dimensions:
State Board Registration tracks whether providers maintain active licenses, hold required educational credentials (such as CPA designation), and comply with continuing professional education mandates. Board records also capture any disciplinary history, including complaints from clients, license restrictions, or enforcement actions.
PCAOB Audit Findings focus on audit quality and compliance with auditing standards. Inspectors evaluate whether audit work papers are complete, whether engagement teams possessed adequate expertise, whether internal quality reviews were performed, and whether there are systemic control weaknesses. Findings can range from technical deficiencies to more serious lapses in professional judgment.
Both data sources feed into Verdica's scoring. A provider with low License & Credentials scores but high PCAOB and Disciplinary scores—like Eldred Alexander—suggests the regulatory concern centers on formal qualifications or licensing completeness rather than misconduct or poor audit performance.
Bottom line
Eldred Alexander scores in the elevated-risk band due primarily to credential and licensing gaps, despite a clean disciplinary record and solid PCAOB inspection history. Before engaging this provider, verify their specific licenses and credentials against your service requirements, request references from similar clients, and confirm their expertise aligns with your needs.