Indiana CPA State-Specific Requirements
Introduction
For those aiming to become a Certified Public Accountant (CPA) in Indiana, understanding the state-specific requirements is crucial. With Indiana ranking high for CPA profitability, pursuing licensure here can be a wise career move. This guide covers the essential steps and requirements for CPA licensure in Indiana.
Educational and Professional Requirements
Prospective CPAs in Indiana must meet the following educational criteria:
Bachelor’s Degree: Candidates must have a bachelor’s degree with at least 120 semester hours, including accounting and business coursework.
Licensure Education: For CPA licensure, 150 semester hours are needed, with specific accounting and business courses.
CPA Exam and Licensing Process
Exam Score Requirement: A minimum score of 75 in each section of the CPA exam is required.
Work Experience: Candidates need 2 years of work experience in accounting.
Ethics Exam: Unlike some states, Indiana does not require an ethics exam for CPA licensure.
Licensing Fees and Renewal
Application Fees: The initial application fee for the CPA exam is $170, with each exam section costing $238.15.
Total Initial Fees: Approximately $1,123.
Residency and Citizenship Requirements
Residency: Residency in Indiana is not a prerequisite for CPA licensure.
Citizenship: U.S. Citizenship is not required.
Continuing Education and Renewal
CPE Requirements: Indiana CPAs must complete 120 hours of Continuing Professional Education (CPE) every three years, including specific hours in accounting, auditing, and ethics.
License Renewal: Renewal occurs every three years, with a $50 fee for on-time renewals.
International CPA Examination Program
Participation: Indiana participates in the International CPA Examination Program, accommodating international candidates.
Applying for the CPA Exam in Indiana
Submit CPA Exam Application and Fees: Apply through the Indiana Professional Licensing Agency (IPLA), ensuring all required documents and fees are submitted.
Work Experience Verification: Obtain verification of your work experience from a licensed CPA.
Schedule and Pass the CPA Exam: Schedule each section of the CPA exam through Prometric and aim to pass them within the specified timeframe.
Conclusion
Achieving CPA licensure in Indiana involves meeting specific educational requirements, passing the CPA exam, and gaining relevant work experience. Indiana offers a promising landscape for CPAs to thrive, thanks to its favorable business environment.