What Verdica's 656 score means for Jeffrey Engebretson
Jeffrey Engebretson's composite score of 656 out of 850 places him in the "elevated risk" band (580–669). This means his profile shows some compliance strengths alongside meaningful gaps that warrant attention before engagement.
A score in this range suggests the accounting provider meets certain baseline regulatory requirements but carries risk factors that a business owner or audit committee should understand and evaluate carefully. The score reflects a mixed compliance picture: strong performance in one area (PCAOB audit history) offset by weaker credentials or licensing credentials. For someone considering hiring Engebretson or relying on his audit work, this score signals the need for additional due diligence—such as reviewing his specific state licensing status, understanding any PCAOB findings in detail, or requesting references—rather than proceeding with confidence based on credentials alone.
The "elevated" band is neither a green light nor a disqualification. It is a flag to investigate further.
How the sub-scores break down
License & Credentials: 340
This sub-score is the primary driver of Engebretson's overall risk profile. A score of 340 in this dimension indicates significant gaps in professional licensing, credentials, or registration standing with Colorado's state accounting board. This could reflect an inactive license, missing continuing education requirements, restricted credentials, or an incomplete registration record. In the accounting industry, your license is your professional passport; a weak credential score raises questions about whether an individual is currently authorized to practice and whether they have maintained the professional standards expected by state regulators.
PCAOB Record: 810
The Public Company Accounting Oversight Board (PCAOB) record score of 810 is the bright spot in Engebretson's profile. This score falls in the "excellent" range (800–850) and indicates that PCAOB audit inspection findings have not surfaced material deficiencies in his audit quality or compliance practices. A score this high suggests that any audits subject to PCAOB review met acceptable quality standards. This dimension reflects the federal regulator's assessment of whether audit work was performed rigorously and in accordance with standards.
Disciplinary: 850
The perfect disciplinary score of 850 indicates that no formal disciplinary actions, complaints, or sanctions have been recorded in the underlying regulatory data. This suggests a clean history with state and federal oversight bodies—no public complaints upheld, no license suspensions, and no enforcement findings. A high disciplinary score provides confidence that the individual has not been formally found to have violated accounting rules or professional standards.
What regulators in CO track for accounting providers
Colorado's state accounting board maintains registration records for CPAs and accounting professionals, tracking active licensing status, continuing professional education compliance, and any restrictions or conditions on practice rights. Verdica uses this state registration data to assess whether an individual is in good standing and current with professional requirements.
The PCAOB, a federal regulator, conducts inspections of audit firms and individual auditors to assess compliance with auditing standards and quality control procedures. PCAOB findings focus on audit execution, documentation, and adherence to standards like GAAS (Generally Accepted Auditing Standards). Violations—such as inadequate audit procedures, insufficient evidence gathering, or failure to identify material misstatements—would lower this score.
Disciplinary records track formal enforcement actions: license revocation, suspension, censure, fines, or settlement agreements arising from complaints or investigations by state boards or federal regulators.
Together, these three dimensions create a holistic view: Are you licensed to practice? Is your audit work compliant? Have you been disciplined for violations?
Bottom line
Engebretson's elevated score reflects strong audit execution but weak credentials standing—a pattern that requires clarification before engagement. A prospective client should verify his current Colorado licensing status, understand what his credential gaps represent, and confirm that any restrictions do not limit the scope of work needed.