Are you ready to begin your career as a licensed CPA, but aren’t quite sure what you’ll need to do to make it happen? Here are the steps you’ll have to take before you’re able to get your certified public accounting licensure in Indiana.

Education Prerequisites

Prior to taking your CPA exam, you’ll need to satisfy the education requirements set by the Indiana Board of Accountancy. Before sitting for the test, potential candidates must obtain a Bachelor’s degree (at minimum). Students must also complete 150 semester hours at a college or university accredited by one of the following organizations:

  • Southern Association of Colleges and Schools--Commission on Colleges
  • Middle States Association of Colleges and Schools
  • Northwest Commission on Colleges and Universities
  • North Central Association of Colleges and Schools--Higher Learning Commission
  • New England Association of Schools and Colleges--Commission on Institutions of Higher Education
  • Western Association of Schools and Colleges--Commission for Senior Colleges

Indiana requires CPA candidates to obtain their credit requirements in one of two ways.

Hold a graduate degree with the following requirements met:

24 semester hours logged in undergraduate accounting courses OR 15 semester hours in a graduate accounting courses, including:

  • Taxation
  • Financial accounting
  • Consulting
  • Managerial accounting

24 semester hours logged in an undergraduate or graduate business or economics program, including:

  • 6 semester hours or fewer in business and tax law
  • 6 semester hours or fewer in computer science

Hold a bachelor’s degree with the following requirements met:

24 semester hours logged in undergraduate or graduate accounting courses, including:

  • Taxation
  • Financial accounting
  • Consulting
  • Managerial accounting

24 semester hours logged in undergraduate or graduate accounting courses, including:

  • 6 semester hours or fewer in business and tax law
  • 6 semester hours or fewer in computer science

For the second option, credits obtained in a two year programs, online courses, and correspondence courses are acceptable as long as they come from an accredited college or university.

Sitting For Your CPA Exam

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After you’ve completed your education requirements, the next steps will depend on each candidate’s individual situation.

Download an exam application or register online on the CPA Examination Services (CPAES) website.

If you’re still enrolled in college:

  • Request a copy of your transcript for submission to the Board, including the completion of a bachelor’s degree and 150 semester hours
  • Ask for a Certificate of Enrollment from the registrar’s office, fill out the top section, and return to university personnel to complete and send to the Board
  • Submit the $150 application fee
  • Submit an ADA Accommodation Form if you require any special disability accommodations

If you’re no longer enrolled in college:

  • Request a copy of your transcript for submission to the Board
  • Submit the $150 application fee
  • Submit an ADA Accommodation Form if you require any special disability accommodations

All correspondence, including applications and supplemental documents, should be sent to: CPA Examination Services, Indiana Coordinator, P.O. Box 198469, Nashville, TN 37219-8469.

Wait to receive your Notice to Schedule to arrive. Once you have that, you may schedule your exam date.

Use the Prometric website to schedule your test. You can take the exam in one of the following locations:

  • Evansville
  • Merrillville
  • Mishawaka
  • Terre Haute
  • Lafayette
  • Indianapolis

Be sure to arrive at your exam location at the scheduled time, prepared and punctual. You can expect to receive your scores within a few weeks of testing.

Required Work Experienc

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Before you can be licensed, you must first gain working experience as a CPA. Acceptable experience must include the following:

Complete two years of full-time work experience. This can be done in one of the following staff positions:

  • Accounting staff member or intern at a public accounting firm
  • Accounting or financial staff member for a government, industry, or nonprofit group
  • Consultant or advisor for operational, accounting, or financial matters
  • Staff instructor at a university or high school, either public or private

Multiple types of valid experience may be combined for a total of 24 months, with the exception of clerical positions held in an accounting or financial office. Any part-time employment must be converted into full-time hours for the sake of accurately calculating experience.

Your supervising CPA must complete the Verification of Experience form, which must be notarized and submitted to the Board. Give your manager a stamped envelope addressed to: Indiana Board of Accountancy, Professional Licensing Agency, 402 West Washington Street, Room W072, Indianapolis, IN 46204.

Getting Your CPA Licensure

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Once you’ve completed the education, examination, and experience pieces of the process, you can go ahead and apply for your Indiana CPA license.

Make sure all of the following have been completed before you begin your application:

  • Completed 150 semester hours and a bachelor’s degree (at minimum)
  • Submitted an official transcript to CPAES
  • Taken and passed the CPA exam
  • Completed two years of relevant employment (verified by a supervising CPA)

Fill out parts I and II of the Indiana State Accountancy Application after confirming that your transcript and employment verification have been submitted.

Send your application, supplemental documents, and application fees to: Indiana Board of Accountancy, Professional Licensing Agency, 402 West Washington Street, Room W072, Indianapolis, IN 46204.

Maintaining Your CPA License

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With evolving regulations and practices, it’s vital for CPAs to keep their knowledge up to date with continued professional education (CPE). You’ll need to complete the following to remain eligible for license renewal.

Every three years, CPAs must complete 120 hours of CPE under the following parameters:

  • Each year, you must complete at least 20 hours of CPE
  • 10 percent of your total hours must be from accounting or auditing classes
  • Four CPE hours must be in an accounting ethics class
  • One hour of CPE is the equivalent of 50 minutes of class time
  • No more than 50 percent of your CPE hours can be obtained through self-study

You can accumulate CPE hours by holding discussions or lectures, self-study (with verification of completion), or attending graduate school courses.

Make sure to document and keep records of the hours you’re eligible to receive for credit. Keep track of the following:

  • Dates of course attendance
  • Class locations and sponsorship
  • Hours spent on class materials
  • Certificate of course completion

It may be worthwhile to consider joining the Indiana CPA Society. You’ll stay in the loop when new rules and regulations hit the accounting and finance industries, and do plenty of networking along the way.