CHAPTER 3. CERTIFIED PUBLIC ACCOUNTANT
IC 25-2.1-3
Chapter 3. Certified Public Accountant
IC 25-2.1-3-1
Qualification for certificate
Sec. 1. The board shall issue a CPA certificate to an individualwho does the following:
(1) Demonstrates good character through lack of a history ofdishonest or felonious acts.
(2) Meets the requirements set forth in this chapter andIC 25-2.1-4.
(3) Pays the fee established by the board.
As added by P.L.30-1993, SEC.7. Amended by P.L.128-2001,SEC.19.
IC 25-2.1-3-2
Examination; qualifications; education requirement
Sec. 2. A first time examination candidate must have at least onehundred fifty (150) semester hours (or the equivalent if a differentgrading period is used) of college education, including abaccalaureate or higher degree conferred by a college or universityacceptable to the board, the total educational program to include anaccounting concentration or equivalent as determined by the boardto be appropriate.
As added by P.L.30-1993, SEC.7. Amended by P.L.87-1996, SEC.4;P.L.6-2003, SEC.1.
IC 25-2.1-3-3
Examination; contents
Sec. 3. The examination under section 5 of this chapter must testthe candidate's knowledge of the subjects of accounting and auditing,and other related subjects that the board specifies, including businesslaw and taxation.
As added by P.L.30-1993, SEC.7. Amended by P.L.6-2003, SEC.2.
IC 25-2.1-3-4
Time of holding examinations
Sec. 4. (a) The board shall determine when to hold anexamination.
(b) The examination must be administered at least two (2) timesa year.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-3-5
Use of standardized test; contracting for administration ofexamination
Sec. 5. The board may:
(1) use any part of the Uniform Certified Public AccountantExamination and Advisory Grading Service of the AmericanInstitute of Certified Public Accountants; and (2) contract with third parties to perform administrative servicesfor the examination as the board determines is appropriate.
As added by P.L.30-1993, SEC.7.
IC 25-2.1-3-6
Repealed
(Repealed by P.L.6-2003, SEC.7.)
IC 25-2.1-3-7
Examination in another state; partial credit
Sec. 7. A candidate shall retain credit for each test section of anexamination passed in another state if the credit would have beengiven under the requirements applicable in Indiana at the time thecandidate took the examination.
As added by P.L.30-1993, SEC.7. Amended by P.L.6-2003, SEC.3.
IC 25-2.1-3-8
Examination; waiver; conditional credit
Sec. 8. If the candidate can show that credit was lost because ofcircumstances beyond the candidate's control, the board may extendthe term of conditional credit validity.
As added by P.L.30-1993, SEC.7. Amended by P.L.6-2003, SEC.4.
IC 25-2.1-3-9
Examination; fee
Sec. 9. The board may charge, or provide for a third partyadministering the examination to charge, each candidate a feeprescribed by the board, for each section of the examination orreexamination taken by the candidate.
As added by P.L.30-1993, SEC.7. Amended by P.L.6-2003, SEC.5.
IC 25-2.1-3-10
Qualifications; experience requirement
Sec. 10. An applicant for the initial issuance of a certificate underthis chapter shall show that the applicant has had two (2) years ofexperience. To qualify as experience under this section, an applicantmay provide any type of service or advice that:
(1) constitutes the use of accounting, attest, compilation,management advisory, financial advisory, tax, or consultingskills as determined under the rules adopted by the board; and
(2) is verified by the holder of an active certificate issued underthis article or the corresponding provisions of another state, asdetermined by the board.
Experience of the type described in this section applies equallytoward meeting the experience requirement of this section regardlessof whether it is gained through employment in government, industry,academia, or public practice.
As added by P.L.30-1993, SEC.7. Amended by P.L.179-1997, SEC.1;P.L.128-2001, SEC.21; P.L.6-2003, SEC.6.
IC 25-2.1-3-11
Advanced degree instead of accountancy experience requirement
Sec. 11. An advanced degree in accounting or businessadministration from a college or university recognized by the board,and the satisfactory completion of the semester hours in accounting,business administration, economics, and other related subjects thatthe board determines are appropriate, may be substituted as the boarddetermines appropriate for experience of the type described insection 10 of this chapter.
As added by P.L.30-1993, SEC.7. Amended by P.L.128-2001,SEC.22.
IC 25-2.1-3-12
Good character requirement
Sec. 12. (a) The board may refuse to grant a certificate on theground of failure to satisfy the good character requirement only ifthere is a substantial connection between the lack of good characterof the applicant and the professional responsibilities of a licensee.
(b) A finding by the board of lack of good character must besupported by clear and convincing evidence.
(c) When an applicant is found to be unqualified for a certificatebecause of a lack of good character, the board shall furnish theapplicant:
(1) a statement containing the findings of the board;
(2) a complete record of the evidence on which thedetermination was based; and
(3) a notice of the applicant's right of appeal.
As added by P.L.30-1993, SEC.7.