Section 872 IAC 1-1-6.1 - Educational requirements for licensureAuthority: IC 25-2.1-2-15
Affected: IC 25-2.1-3-2; IC 25-2.1-6
Sec. 6.1.
(a) As part of the one hundred fifty (150) semester hours required under IC 25-2.1-3-2(b) for first time CPA candidates, a candidate must have earned a baccalaureate or graduate degree from a college or university that is accredited by an accrediting organization as included in section 6.3 of this rule and completed: (1) for a baccalaureate degree, twenty-four (24) semester hours in accounting at the undergraduate or graduate level, including courses covering the subjects of financial accounting, auditing, taxation, and managerial accounting;(2) for a graduate degree, at least twenty-four (24) semester hours in accounting at the undergraduate level or fifteen (15) semester hours in accounting at the graduate level or an equivalent combination thereof; and(3) for either a baccalaureate or graduate degree, at least twenty-four (24) semester hours in business administration and economics courses, other than accounting courses, at the undergraduate or graduate level. The business administration courses may include up to six (6) hours of business and tax law courses and up to six (6) hours of technology or computer science courses, including, but not limited to, data analytics, data interrogation techniques, digital acumen, information systems technology (whether taken in business school or in another college or university program), and other business-related content areas included in the Uniform CPA Examination Blueprints, or as may be approved by the board. The accounting hours must include courses covering the subjects of financial accounting, auditing, taxation, and managerial accounting. If the accounting hours are a mixture of graduate and undergraduate hours, the higher number of required hours applies. An equivalent combination of undergraduate and graduate semester hours under subdivision (2) would be a total of twenty-four (24) semester hours calculated at the rate of one and six-tenths (1.6) semester hours for each actual one (1) semester hour in accounting at the graduate level and one (1) semester hour for each actual one (1) semester hour in accounting at the undergraduate level.
(b) College courses with substantial duplication of content may be counted only one (1) time toward the requirements in IC 25-2.1-3-2 and this section. This subsection shall not apply to internships.Indiana Board of Accountancy; 872 IAC 1-1-6.1; filed Jun 5, 1998, 3:58 p.m.: 21 IR 3933; readopted filed Jun 22, 2001, 8:57 a.m.: 24 IR 3824; filed Aug 3, 2001, 4:34 p.m.: 24 IR 3989; filed Jul 30, 2003, 5:15 p.m.: 26 IR 3881; filed Sep 8, 2004, 2:45 p.m.: 28 IR 212; filed Nov 29, 2004, 11:45 a.m.: 28 IR 1182; readopted filed Oct 4, 2007, 3:32 p.m.: 20071031-IR-872070066RFA; readopted filed November 25, 2013, 9:20 a.m.: 20131225-IR-872130279RFAReadopted filed 11/26/2019, 3:48 p.m.: 20191225-IR-872190191RFAFiled 10/3/2022, 9:07 a.m.: 20221102-IR-872220159FRAReadopted filed 1/12/2024, 11:32 a.m.: 20240207-IR-872230761RFA