872 IAC 1-1-19.1 CPAs; passing grades; conditioned candidates; reexaminations; timing; notice

Sec. 19.1. (a) A CPA candidate shall attain the uniform passing grade established by the administrator of the Uniform CPA Examination, or its successor. (b) A candidate may take the required examination sections individually, in any order, and in the form and manner as prescribed by the administrator of the Uniform CPA Examination, or its successor. A candidate may not retake a failed examination section until the candidate has been notified of the score for the most recent attempt of that failed exam section. Credit for any examination section passed is valid for thirty-six (36) months, which is calculated from the actual date the National Association of State Boards of Accountancy (NASBA) releases the candidate's passing score to the candidate or the board without having to attain a minimum score on any failed examination section, and without regard to whether the candidate has taken other examination sections, provided the following: (1) Candidates must pass the required sections of the examination within a rolling thirty-six (36) month period. The rolling thirty-six (36) month period begins on the date the first passing score or scores are released by NASBA to the candidate or the board. The rolling thirty-six (36) month period ends on the date the candidate sits for the final examination section passed, regardless of when the score is released by NASBA for the final examination section. (2) If a candidate does not pass all sections of the examination within the thirty-six (36) month period, credit for any examination section passed outside of that examination must be retaken. A new rolling thirty-six (36) month period begins on the date the second passing score or scores are released by NASBA to the candidate or the board, and continues for thirty-six (36) months after that date. If the required examination sections are not passed during the next rolling thirty-six (36) month period, credit for the second examination sections passed expires and a new rolling thirty-six (36) month period will begin on the date the next examination section passing score, if any, is released by NASBA to the candidate or the board, and this cycle of thirty-six (36) month rolling periods and examination section credit expirations will continue. (c) A candidate shall retain credit for sections of the examination passed as a candidate of another state if that credit would have been given under then applicable requirements in Indiana. (d) A candidate is considered to have passed the examination once the candidate simultaneously holds valid credit for passing each section of the examination. (e) Notwithstanding subsection (d), the board may, on a case-by-case basis, extend the term of credit validity on a showing by a candidate that credit was lost by reason of circumstances beyond the candidate's control. (f) The administrator of the Uniform CPA Examination, or the administrator of its successor, shall notify eligible candidates of the time, place, and procedures for the examination, or a candidate shall independently contact the administrator of the Uniform CPA Examination, the administrator of its successor, or a test center operator to schedule the time, place, and procedures for the examination at an approved test site.