What Verdica's 656 score means for Richard Millspaugh
Richard Millspaugh's composite score of 656 out of 850 places him in the elevated risk band (580–669). This means his profile shows mixed signals: some dimensions are solid, while others warrant closer attention before engaging his services.
A score in this range typically reflects an accounting provider who maintains basic regulatory standing but carries some concerns that don't disqualify him outright. For a business owner or individual considering his services, this score suggests you should conduct additional due diligence beyond the Verdica snapshot. The elevated rating is neither a yellow flag that demands immediate avoidance nor a green light for unexamined trust—it's a signal to ask follow-up questions and verify credentials directly with Colorado's state board and, if applicable, the PCAOB.
No independent customer reviews are currently indexed for this entity, so Verdica's score relies entirely on regulatory and licensing data. This absence of third-party feedback means you won't find crowdsourced insights about service quality, responsiveness, or client satisfaction to round out the compliance picture.
How the sub-scores break down
License & Credentials (340 out of 850): This is the weakest component of Millspaugh's profile. A sub-score of 340 suggests potential gaps, limitations, or concerns in his licensing status or professional credentials as tracked by Colorado's state accounting board. This could indicate missing certifications, restricted licenses, or lapsed registrations—though the specific nature of any limitation is not detailed in this summary. This score alone warrants a direct inquiry to the Colorado State Board of Accountancy to understand exactly what credentials are held and any restrictions that apply.
PCAOB Record (810 out of 850): This score is strong and indicates a clean or near-clean audit inspection history with the Public Company Accounting Oversight Board. A score of 810 suggests that any PCAOB audits on file show minimal or no significant deficiencies in audit quality, documentation, or adherence to auditing standards. This is a positive signal, particularly if Millspaugh performs work on public company audits or SEC-related engagements.
Disciplinary (850 out of 850): A perfect score here means no disciplinary actions, sanctions, or complaints are recorded in the systems Verdica monitors. This indicates a clean regulatory discipline history—at least within the scope of available records.
What regulators in CO track for accounting providers
Colorado's State Board of Accountancy maintains registration and licensing records for CPAs and accounting professionals. The state tracks whether practitioners hold active CPA licenses, whether they maintain required continuing professional education, and whether any restrictions, suspensions, or license revocations have been imposed. Gaps in this data—such as an expired or restricted license—can significantly lower a provider's credibility score.
The PCAOB, a federal regulator, inspects accounting firms that audit public companies. PCAOB audits assess compliance with auditing standards, quality control procedures, and documentation practices. Firms with clean PCAOB records demonstrate adherence to rigorous federal audit standards; those with deficiencies or violations see their PCAOB profile flagged. The PCAOB also maintains a public database of disciplinary actions and sanctions.
Disciplinary records come from both the state board and federal sources and track complaints, ethics violations, client disputes, and regulatory enforcement actions. A clean disciplinary history suggests no formal allegations have been substantiated against the provider.
Bottom line
Millspaugh's elevated score reflects a provider with a clean disciplinary and audit track record but notable concerns in credentials or licensing standing. Before engaging, directly verify his current license status and any restrictions with the Colorado State Board of Accountancy, and ask specifically about the License & Credentials gap. His strong PCAOB performance is a positive indicator if audit work is required.