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CPA Information

To become a CPA, an individual must qualify to sit for the CPA exam, pass the CPA exam and meet certain conditions relating to accounting experience. The experience and educational requirements are discussed below. The specific rules are set forth by the Indiana Board of Accountancy in the Indiana Board of Accountancy Statute and Rules.

The State Board may be contacted as follows:

Indiana Board of Accountancy
Indiana Professional Licensing Agency
402 West Washington St., Room W072
Indianapolis, Indiana 46204
Telephone: (317)234-3040
Website: Indiana Board of Accountancy

A copy of current rules relating to the CPA exams may be obtained from the Indiana Board of Accountancy (317-234-3040) or found at their website: Indiana Board of Accountancy. Links to other sites related to the CPA exam are provided in this website.

A summary of the rules relating to the CPA exam is provided below. For particular questions, the actual rules should be consulted. See also the website for the National Association of State Boards of Accountancy that administers the exam for the state of Indiana (www.nasba.org)

Experience Requirement

Although individuals may pass the CPA exam and meet the other educational conditions, a CPA license is granted only to individuals who have met an experience requirement. Qualifying experience includes that in accounting, auditing, tax, compilation, management or financial advisory, or consulting skills obtained through employment in government, industry, academia, or public practice. You do not have to work under a CPA but your experience must be verified by an active licensee. (See Indiana Code 25-2.1-3-10.)

Education Requirements in General

The current requirements are set forth below.

Under the final regulations, compliance with the new educational requirements for first time applicant will normally be met by completing all of the following:

  1. At least 150 semester hours of college education including a baccalaureate or higher degree from an accredited college or university.
  2. A minimum number of accounting courses: 24 hours at the undergraduate level or 15 hours at the graduate level. If the accounting hours are a mixture of graduate and undergraduate hours, the 24 hour requirement is imposed. For this purpose, a graduate course is worth 1.6 per credit hours. Courses in auditing, cost accounting, tax and financial accounting are required.
  3. A minimum number of business courses: 24 hours in business from an accredited institution. In Indiana, certain accounting courses count toward the 24 hour business requirement, including A100 Basic Accounting Skills, A201 Principles of Financial Accounting and A202 Principles of Managerial Accounting. Also, you may use up to 6 hours of business law courses or tax law courses in meeting the 24 hour requirement. For example, a student who takes L203 Commercial Law I and L503 Advanced Business Law could count these but in such case no tax law courses could be counted. In addition, up to 6 hours of computer science courses can be counted toward the 24 hour business requirements. In meeting the business hour requirement, graduate and undergraduate hours are weighted the same.

Check out the new Uniform CPA Examination Candidate Bulletin. The Bulletin is only available online at http://www.cpa-exam.org/ (and http://www.nasba.org/). Printed copies will not be mailed or distributed to candidates.

To view or print the Bulletin, go to http://www.cpa-exam.org/cpa/bulletin.html. Direct links to the bulletin are also on the cpa-exam.org Homepage under Latest News and Breaking News.

The Bulletin provides all the basic information about the computerized CPA Examination. This document will help candidates understand the changes to the examination and provide guidance on the overall CPA Examination process: how to apply to take the exam, scheduling and taking exam sections, and receiving grades.

CPA Exam Information Links