The movement toward a new learning model for professionals in the state of Indiana recently gained momentum. Draft enabling legislation supported by the Indiana CPA Society was introduced in the Indiana General Assembly.
The bill has the potential to add competency-based education to the current hours-based education model for CPA license renewal in Indiana. Its purpose is to give CPAs the ability to take only competency-based education, or a combination of competency-based and hours-based education, to satisfy the educational requirements for CPA license renewal.
CPAs in Indiana must complete 120 hours of continuing professional education every three years as part of a system created to maintain professional competency that has remained virtually unchanged for nearly 50 years.
The General Assembly will be considering competency-based options for both professionals and students this session. The draft legislation for CPAs coincides with draft legislation for K-12 education that also calls for competency-based learning.
“We believe that this is the ‘next step’ toward significant reform of the requirements for CPA license renewal in Indiana,” says INCPAS President and CEO Gary Bolinger. “This draft, if enacted, will provide Indiana CPAs with additional flexibility in learning options to renew their Indiana CPA license. It would give the Indiana Board of Accountancy the opportunity to explore this new learning alternative beyond traditional continuing professional education. Competency-based education has been proven to be a much more effective method of learning.”