872 IAC 1-1-6.1 Educational requirements for licensure

Sec. 6.1. (a) As part of the total 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 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 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 combination 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 one (1) semester hour in accounting at the graduate level, and one (1) semester hour for each 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 does not apply to internships.