What Verdica's 827 score means for Kay Yates
Kay Yates in Colorado has earned a composite Verdica score of 827 out of 850, placing the provider in the "excellent" band (800–850). This score reflects strong overall compliance standing based on three regulatory dimensions: professional licensing and credentials, PCAOB audit history, and disciplinary record.
A score in this range suggests that Kay Yates meets or exceeds baseline regulatory expectations across all tracked areas. The 23-point gap from a perfect 850 is relatively narrow, indicating minor variance in one or more sub-category rather than systemic concerns. For a business owner or organization evaluating accounting providers, an 827 score signals lower compliance risk compared to the general population of accounting firms, though it does not guarantee error-free service or perfect audit outcomes.
It's worth noting that this score reflects regulatory compliance posture, not customer satisfaction or service quality metrics. No independent customer reviews are currently indexed in Verdica's database for this entity, so the score does not account for user experience, pricing, or responsiveness. A high regulatory score and strong customer reviews are separate validations; the absence of reviews here means due diligence should include direct reference checks alongside this compliance profile.
How the sub-scores break down
License & Credentials (830/850): This sub-score evaluates whether Kay Yates holds current, valid licensure and professional certifications required to practice accounting in Colorado. The score of 830 indicates the provider maintains proper standing with state licensing boards. A score in this range typically means no lapses in licensure, compliance with continuing education requirements, and valid credentials on record. A lower score in this category would flag expired licenses, incomplete certifications, or restrictions placed by state regulators.
PCAOB Record (810/850): The Public Company Accounting Oversight Board maintains inspection and audit records for firms that audit public company financial statements. A PCAOB Record score of 810 reflects the firm's performance history during PCAOB inspections and audits. Higher scores in this category indicate fewer deficiencies noted during inspections, timely remediation of any issues identified, and alignment with PCAOB auditing standards. A lower PCAOB score would reflect significant audit findings, repeated deficiencies across inspection cycles, or quality control lapses documented by the board.
Disciplinary (850/850): This is a perfect score in the disciplinary dimension. It indicates no formal disciplinary actions, complaints upheld against Kay Yates, or sanctions recorded in available state or federal regulatory databases. A lower disciplinary score would reflect substantiated complaints, license suspensions, fines, consent orders, or other regulatory enforcement actions. This dimension is binary in nature—either a disciplinary record exists or it does not—so a perfect 850 represents a clean enforcement history.
What regulators in CO track for accounting providers
Colorado's state board of accountancy and the PCAOB together create the compliance framework tracked by Verdica. The state board enforces licensing requirements, including educational credentials (typically a degree with accounting coursework), passing the CPA exam, and ongoing continuing professional education. License renewal typically occurs annually or biennially, with the board monitoring for unpaid taxes, criminal convictions, or ethics complaints.
The PCAOB inspects firms that audit public company financial statements at least every three years. During inspections, PCAOB staff review audit workpapers, test compliance with auditing standards, and assess quality control procedures. Common findings include insufficient evidence gathering, inadequate documentation, or failure to detect material misstatements. Firms receiving critical findings must submit corrective action plans.
Disciplinary actions arise from formal complaints—often filed by clients, employees, or regulators—and subsequent investigations. Typical violations include incompetence, negligence, failure to follow professional standards, or ethical breaches. Sanctions range from warnings to license revocation.
Bottom line
Kay Yates represents a low-compliance-risk provider based on an 827 score across all three regulatory dimensions. Before engaging, prospective clients should verify references directly and confirm that the firm's service offerings match their specific needs—regulatory compliance score alone does not measure service fit, cost, or availability.