Section 872IAC1-1-12. Contents of examinations; grading

   (a) Effective April 2004, as the examination for certified public accountant candidates, the board or the board's designee shall use the computer-based Uniform CPA examination that is available to be taken in four (4) testing windows as provided in section 14 of this rule and prepared by the AICPA under a plan of cooperation with the boards of all states and territories of the United States. The examination consists of the following sections:

(1) Auditing and attestation.

(2) Business environment and concepts.

(3) Financial accounting and reporting.

(4) Regulations.

  (b) The board or the board's designee shall use the Advisory Grading Service provided by the AICPA under a plan of cooperation with the boards of all states and territories of the United States to assist it in performing its duties under IC 25-2.1.

  (c) For purposes of section 19 of this rule, for conditioned candidates reexamination requirements, those candidates who prior to April 2004 had credit for passing:

(1) auditing shall have credit for auditing and attestation;

(2) business law and professional responsibilities shall have credit for business environment and concepts;

(3) financial accounting and reporting shall have credit for financial accounting and reporting; and

(4) accounting and reporting shall have credit for regulations.

  (d) As the examination for accounting practitioners, the board or the board's designee shall use sections of the computer-based Uniform CPA examination as provided for in this subsection. An individual with a two (2) year associate degree under IC 25-2.1-6-1(a)(3)(A) [IC 25-2.1-6-1 was repealed by P.L.190-2007, SECTION 16, effective July 1, 2007.] shall take the financial accounting and reporting and the regulations sections of the Uniform CPA examination. An individual with a baccalaureate degree under IC 25-2.1-6-1(a)(3)(B) [IC 25-2.1-6-1 was repealed by P.L.190-2007, SECTION 16, effective July 1, 2007.] shall take only the financial accounting and reporting section of the Uniform CPA examination.

  (e) The board or the board's designee may also make use of the Advisory Grading Service provided by the AICPA to assist in performing its duties under IC 25-2.1. (Indiana Board of Accountancy; Rule 69-1, 12; filed Jun 30, 1978, 9:54 a.m.: 1 IR 397; filed May 1, 1984, 12:50 p.m.: 7 IR 1540; filed Mar 20, 1985, 3:25 p.m.: 8 IR 1034; filed Aug 28, 1986, 3:20 p.m.: 10 IR 66; filed Apr 5, 1994, 3:30 p.m.: 17 IR 1888; readopted filed Jun 22, 2001, 8:57 a.m.: 24 IR 3824; filed Jul 30, 2003, 5:15 p.m.: 26 IR 3882; filed Apr 16, 2004, 10:04 a.m.: 27 IR 2736; readopted filed Oct 4, 2007, 3:32 p.m.: 20071031-IR-872070066RFA; readopted filed Nov 25, 2013, 9:20 a.m.: 20131225-IR-872130279RFA)