Colorado State Board of Accountancy v. Zaveral Boosalis Raisch

The Colorado State Board of Accountancy (Board) appeals from a decision by the court of appeals allowing the accountihg firm of Zaveral Boosalis Raisch (ZBR) to use the accountant-client privilege; see § 13-90-107(l)(f)(I), 5 C.R.S. (1997), to refuse compliance, absent the client’s consent, with a subpoena issued by the Board. The Denver District Court interpreted exercise of the Board’s subpoena power, see § 12-2-126(l)(a), 4 C.R.S. (1997), as an exception to the accountant-client privilege. In the absence of express legislative language creating an exception, the court of appeals declined…