CHAPTER 2. STATE BOARD OF ACCOUNTANCY
IC 25-2.1-2
Chapter 2. State Board of Accountancy
IC 25-2.1-2-1
Establishment of board
Sec. 1. The Indiana board of accountancy is established.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-2
Enforcement responsibilities
Sec. 2. The board is responsible for the administration andenforcement of this article.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-3
Membership of board; qualifications
Sec. 3. (a) The board consists of six (6) members appointed by thegovernor.
(b) Five (5) members must meet the following conditions:
(1) Be a resident of Indiana.
(2) Be a certified public accountant under IC 25-2.1-3 orIC 25-2.1-4.
(c) One (1) member must meet the following conditions:
(1) Be a resident of Indiana.
(2) Be a consumer who is not certified under this article but hasprofessional or practical experience in the use of accountingservices and financial statements that qualify the individual tomake judgments about the qualifications and conduct ofindividuals and firms under this article.
As added by P.L.30-1993, SEC.7. Amended by P.L.128-2001,SEC.17; P.L.105-2008, SEC.4.
IC 25-2.1-2-4
Terms of members; successive terms; expiration
Sec. 4. (a) A member of the board serves a term of three (3) yearsand until the member's successor is appointed and qualified.
(b) An individual may not serve more than two (2) completeterms. An appointment to fill an unexpired term is not a completeterm.
(c) All terms expire on June 30.
As added by P.L.30-1993, SEC.7. Amended by P.L.190-2007, SEC.5.
IC 25-2.1-2-5
Removal of members; filling vacancies
Sec. 5. (a) A member of the board is automatically removed fromthe board if the member's certificate is suspended or revoked underthis article.
(b) The governor may remove a member for neglect of duty,incompetency, or unprofessional conduct.
(c) A vacancy in the membership of the board shall be filled by
appointment by the governor for the unexpired term.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-6
Chairman; officers
Sec. 6. (a) Each year the board shall elect a member as chairman.
(b) The board may annually elect a member to fill an office thatthe board determines is appropriate.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-7
Meetings
Sec. 7. The board shall meet at times and places determined by theboard.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-8
Quorum
Sec. 8. A quorum of the board consists of a majority of theappointed members.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-9
Seal
Sec. 9. The board shall adopt and use an official seal.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-10
Compensation and reimbursements
Sec. 10. Each member of the board who is not a state employee isentitled to the minimum salary per diem provided byIC 4-10-11-2.1(b). The member is also entitled to reimbursement fortraveling expenses and other expenses actually incurred inconnection with the member's duties, as provided in the state policiesand procedures established by the Indiana department ofadministration and approved by the budget agency.
As added by P.L.30-1993, SEC.7. Amended by P.L.3-2008, SEC.183.
IC 25-2.1-2-11
Document retention and registries; admissibility of records
Sec. 11. (a) The board shall:
(1) retain or arrange for the retention of all applications and allverified documents that are filed with the board and the recordsof the board's proceedings; and
(2) maintain registry of the names and addresses of alllicensees.
(b) In a civil or criminal court proceeding arising out of orfounded on a provision of this article, copies of a certified and sealedrecord are admissible as evidence to prove the contents of records.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-12
Deposit and accounting for fees
Sec. 12. (a) Fees collected by the board shall be received andaccounted for by the board and be deposited in the state general fund.
(b) In addition to the fee to issue or renew a certificate or permit,the board shall establish a fee of not more than ten dollars ($10) peryear for a person who holds a certificate as an accountingpractitioner, a CPA, or a PA to provide funds for administering andenforcing the provisions of this article, including investigating andtaking action against persons who violate this article. All fundscollected under this subsection shall be deposited in the accountantinvestigative fund established by IC 25-2.1-8-4.
As added by P.L.30-1993, SEC.7. Amended by P.L.190-2007, SEC.6.
IC 25-2.1-2-13
Appointment of enforcement personnel
Sec. 13. The board may appoint committees or individuals toadvise or assist the board in the administration and enforcement ofthis article.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-14
Actions and proceedings; judicial powers
Sec. 14. The board may:
(1) sue and be sued in the board's name as an agency of thestate;
(2) issue subpoenas to compel the attendance of witnesses andthe production of documents;
(3) administer oaths; and
(4) take testimony and receive evidence concerning mattersunder the board's jurisdiction.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-2-15
Adoption of rules
Sec. 15. The board may adopt rules under IC 4-22-2 governing theadministration and enforcement of this article and the conduct oflicensees, including the following:
(1) The board's meetings and conduct of business.
(2) The procedure of investigations and hearings.
(3) The educational and experience qualifications required forthe issuance of certificates under this article and the continuingprofessional education required for renewal of certificates underIC 25-2.1-4.
(4) Rules of professional conduct directed to controlling thequality and probity of the practice of accountancy by licensees,including independence, integrity, and objectivity, competenceand technical standards, and responsibilities to the public andclients.
(5) The actions and circumstances that constitute professing to
be a licensee in connection with the practice of accountancy.
(6) The manner and circumstances of use of the title "certifiedpublic accountant" and the abbreviation "CPA".
(7) Quality reviews that may be required to be performed underthis article.
(8) Methods of applying for and conducting the examinations,including methods for grading examinations and determining apassing grade required of an applicant for a certificate.However, the board shall to the extent possible provide that theexamination, grading of the examination, and the passing gradesare uniform with those applicable in other states.
(9) Substantial equivalency.
(10) Administration of the accountant investigative fundestablished by IC 25-2.1-8-4.
As added by P.L.30-1993, SEC.7. Amended by P.L.128-2001,SEC.18; P.L.190-2007, SEC.7.