ILCS » Chapter 225 · Act 450
Illinois Compiled Statutes

225 ILCS 450/0.02 (2026)

Declaration of public policy

✓ current as of May 2026
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(225 ILCS 450/0.02) (from Ch. 111, par. 5500.02)
    (Section scheduled to be repealed on January 1, 2029)
    Sec. 0.02. Declaration of public policy. It is the policy of this State and the purpose of this Act:
        (a) to promote the dependability of information which
    
is used for guidance in financial transactions or for accounting for or assessing the status or performance of commercial and noncommercial enterprises, whether public, private, or governmental; and
        (b) to protect the public interest by requiring that
    
persons engaged in the practice of public accounting be qualified; that a public authority competent to prescribe and assess the qualifications of public accountants be established; and
        (c) that preparing, auditing, or examining financial
    
statements and issuing a report expressing or disclaiming an opinion on such statements or expressing assurance on such statements be reserved to persons who demonstrate the ability and fitness to observe and apply the standards of the accounting profession; and that the use of accounting titles likely to confuse the public be prohibited.
(Source: P.A. 103-309, eff. 1-1-24.)

    
Notes of Decisions
Cited in 1 case, 2014–2014 · leading case: Brunton v. Kruger, 2014 IL App (4th) 130421 (Ill. App. Ct. 2014).
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Brunton v. Kruger, 2014 IL App (4th) 130421 (Ill. App. Ct. 2014). “See 225 ILCS 450/0.02(c) (West 2012). She notes that, under section 8.”
— 225 ILCS 450/0.02(c) — 1 case
Brunton v. Kruger, 2014 IL App (4th) 130421 (Ill. App. Ct. 2014). “See 225 ILCS 450/0.02(c) (West 2012). She notes that, under section 8.”
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