Indiana Administrative Code Title 872 - INDIANA BOARD OF ACCOUNTANCY
Certainly! Here's an overview of Indiana Administrative Code Title 872, which governs the practice of accountancy in the state:
🏛 Overview of Title 872 IAC
Title 872 IAC is administered by the Indiana Board of Accountancy, a division of the Indiana Professional Licensing Agency (PLA). This title outlines the rules and regulations for the licensure, practice, and professional conduct of Certified Public Accountants (CPAs) and public accounting firms in Indiana.
📘 Key Provisions of Title 872 IAC
1. General Provisions (Article 1)
Rule 0.5: Provides definitions of terms used throughout the regulations.
Rule 1: Outlines the requirements for certification, licensure, and registration of CPAs.
Rule 2: Establishes the Code of Professional Conduct, detailing ethical standards and responsibilities.
Rule 3: Addresses permits to practice and continuing education requirements.
Rule 4: Covers regulations for nonlicensee firm owners.
Rule 5: Discusses substantial equivalency, allowing for reciprocity with other jurisdictions.
Rule 6: Details the peer review process for accounting firms.(secure.in.gov)
🎓 Educational Requirements for Licensure
To obtain licensure as a CPA in Indiana, candidates must:(nasba.org)
Complete 150 semester hours of education, including:
At least 24 semester hours in accounting courses covering financial accounting, auditing, taxation, and managerial accounting.
At least 24 semester hours in business administration and economics courses.
A baccalaureate or graduate degree from an accredited institution.(casetext.com)
These requirements are detailed in 872 IAC 1-1-6.1. (casetext.com)
📅 Continuing Professional Education (CPE)
CPAs in Indiana are required to complete 120 hours of CPE every three years, with specific requirements for ethics and accounting/auditing courses. The distribution of hours depends on the date of certificate issuance. (in.gov)
🔄 Recent Amendments
As of April 16, 2025, the Indiana Board of Accountancy updated rules regarding CPA exam credit. Candidates must pass all four sections of the Uniform CPA Examination within a rolling 36-month period, starting from the date the first passing score is released. If a section is passed outside this period, the candidate must retake that section.
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