Guam § 35102 - Purpose.

§ 35102. Purpose.

It is the policy of Guam, and the purpose of this Chapter, to promote the

reliability of information that is used for guidance in financial transactions or

for accounting for or assessing the financial status or performance of

commercial, noncommercial, and governmental enterprises. The public

interest requires that persons professing special competence in accountancy

or offering assurance as to the reliability or fairness of presentation of such

information shall have demonstrated their qualifications to do so, and that

persons who have not demonstrated and maintained such qualifications, not

be permitted to represent themselves as having such special competence or

to offer such assurance; that the conduct of persons licensed as having

special competence in accountancy be regulated in all aspects of their

professional work; that a public authority competent to prescribe and assess

the qualifications and to regulate the conduct of licensees be established; and

that the use of titles that have a capacity or tendency to deceive the public as

to the status or competence of the persons using such titles be prohibited.