What Verdica's 820 score means for Scott Olsen
Scott Olsen's composite score of 820 out of 850 places this accounting provider in the "excellent" band (800–850), indicating strong overall compliance standing based on available regulatory data. A score at this level reflects consistent adherence to licensing requirements, a clean PCAOB audit history, and no significant disciplinary actions on record with Colorado's state board.
For a business owner or consumer evaluating this provider, a score of 820 suggests low compliance risk. The provider has demonstrated the credentials and regulatory hygiene expected of a professional accounting firm. That said, no score is perfect—the 30-point gap from the maximum reflects either minor audit observations, routine licensing maintenance items, or the typical variance built into Verdica's methodology. The absence of customer reviews in the index means this score reflects regulatory compliance only; service quality, responsiveness, and client satisfaction remain unmeasured by Verdica at this time.
How the sub-scores break down
License & Credentials (810/850): This sub-score evaluates whether Scott Olsen holds current, valid licenses and credentials required to practice as an accounting provider in Colorado. A score of 810 indicates active licensure and proper registration with state authorities. Most providers in this band have clean license histories with no lapses, suspensions, or restrictions. The 40-point gap from perfect may reflect routine renewal cycles, minor administrative notes, or standard license conditions that don't affect the provider's ability to practice.
PCAOB Record (810/850): The Public Company Accounting Oversight Board maintains audit inspection records for firms that audit public companies or broker-dealers. A score of 810 in this dimension means Scott Olsen's most recent PCAOB inspection(s) identified no significant deficiencies or critical audit quality issues. PCAOB findings typically cover audit methodology, documentation, independence compliance, and technical accounting judgments. A high score here signals that regulatory auditors found the firm's quality controls and audit execution to be sound. The 40-point gap suggests either minor observations in past inspections or standard items that inspectors flag in nearly all firms but that do not rise to the level of deficiency.
Disciplinary (850/850): This is a perfect sub-score. It indicates no disciplinary actions, complaints, sanctions, or enforcement proceedings on record with Colorado's accounting board or affiliated regulators. A score of 850 means a clean disciplinary history—no investigations closed with findings, no fines, and no practice restrictions imposed. This is the strongest possible indicator in this dimension.
What regulators in CO track for accounting providers
Colorado's accounting board and the PCAOB, a federal regulator, maintain separate but complementary oversight systems. The state board tracks licensing status, continuing education compliance, and disciplinary matters such as complaints from clients or other parties alleging incompetence, dishonesty, or rule violations. Actions range from informal warnings to license suspension or revocation.
The PCAOB conducts triennial (or more frequent) inspections of audit firms that handle public company audits. Inspectors examine audit files, quality control policies, and compliance with auditing standards. They issue reports documenting deficiencies (areas of concern) or non-compliance. Firms with repeated or serious deficiencies may face enforcement action.
Verdica aggregates these regulatory signals into sub-scores. A provider's score moves based on the presence and severity of findings, the recency of inspections, license status, and disciplinary history. Factors that lower scores include unresolved audit deficiencies, license restrictions, complaint investigations, and enforcement sanctions. Factors supporting higher scores include clean inspection reports, no active disciplinary matters, and current licensure.
Bottom line
Scott Olsen represents a low-risk, well-regarded provider by regulatory standards, with a score indicating excellent compliance posture across all three measured dimensions. Before engaging, verify current pricing and service scope directly with the firm, and confirm that any specific services you need (tax, audit, consulting) align with their credentials and experience—regulatory compliance is necessary but not sufficient for a good business fit.