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Senate Bill 0497

Senate Bill 0497

ARCHIVE (2013)

Latest Information


Regulation of accountancy. Provides that a firm permit is required for an accounting practitioner working for a client. Provides that a member of the Indiana board of accountancy may not serve more than three complete consecutive terms. (Current law allows for only two consecutive terms.) Increases the fee for a permit to hold an accounting certificate from $10 to $20. Provides that penalties are deposited into the accountant investigative fund, and increases from $750,000 to $1,000,000 the amount of money that must be in the fund before it reverts to the state general fund. Removes the word "knowingly" from the requirements for civil penalties for violating the licensing law. Allows retired status and specifies use of "retired" in the designation of CPA.
    Current Status:
    In Committee - first House
    Latest Printing (PDF)