Indiana CPE Requirements for CPAs
Licensed members of the American Institute of Certified Public Accountants (AICPA) should be familiar with the topic of continuing professional education, as it is a requirement for license renewal with the organization. Continuing professional education with the AICPA helps ensure CPAs are keeping their abilities on-par with the high demands of the industry, also serving to update them on any important changes. However, since each state and territory is regulated by a Board of Accountancy, there is often variance in the CPE requirements from one location to another, and if licensees aren’t careful to know the state requirements, it can frustrate the license renewal process.
Members of the American Institute of Certified Public Accountants (AICPA) who live in Indiana must renew their license every three years and complete a minimum of 20 hours of continuing professional education per annum, with 120 hours necessary over the course of the recertification period. The chart below details the limitations and deadlines for Indiana licensees.
|License Renewal Date||CPE Reporting Period||Total CPE Hours||Self-Study Credit Limitations|
|June 30 triennially||January 1 – December 31 triennially||120 hours||Maximum of 50% of total required hours|
Subject Area Requirements
Each three-year recertification period carries a requirement for CPAs to complete at least 4 hours of professional ethics training. This requirement can be met through completion of a competency-based ethics course or experience that augments the applicant’s knowledge and skill in providing accounting services, specifically through the application of the code of professional conduct, which shall be in a non-compensated role with a professional or trade organization verified by the organization.
Furthermore, 10% of the total hours required per recertification period must be in the subject areas of Accounting and/or Auditing.
Credit Limitations and Calculation
Up to 50% of the maximum required hours can be obtained each recertification period by formal instruction or presentation of accounting and/or auditing-related material. However, instruction of a college course is not accepted if the licensee is a college instructor who teaches courses on a daily basis. For this method, credit is equal to presentation plus preparation. Preparation is limited to two times the length of presentation. Repeat instruction of the same course is not accepted within the same recertification period.
It is possible for CPAs to earn up to 15 CPE hours per semester hour of a college or university course, or for quarter courses, 10 CPE hours. However, the licensee must have obtained a university or college grade of “C” or above for this credit to be accepted by the Board.
Meetings in the following categories will not count for CPE credit as dictated by the Indiana Board: meetings conducted during eating periods, business meetings for the election of directors or officers, treasurer’s reports or committee reports, committee work with local, state and national professional organizations, and firm staff meetings which are oriented toward administrative and housekeeping matters.
Self-study credits are accepted by the Board but can only account for 50% of the total hours requirement for the recertification period.
CPE credits can be obtained in half-hour increments after the first full hour has been obtained.
Other Policies and Exemptions
CPAs described by the following categories are automatically considered exempt from the continuing professional education requirements, though to be considered as much, they cannot offer their services to any parties:
- Members currently unemployed
- Members temporarily and willingly apart from the workforce
- Members considered formally “inactive”
It is also possible for CPAs to request waivers for exemption upon the following bases:
- Health complications
- Military service
- Natural disasters
- Severe circumstances which prevent timely accrual of CPE credit (subject to review and approval by the Board)
Additional CPE Resources for CPAs
Article written by Braden Norwood