Indiana Becomes First State to Recognize New Learning Option for CPA Renewal

Indiana is now the first state in the nation to recognize competency-based education as a learning option for CPA license renewal.

The bill, effective July 1, was passed unanimously by the House and Senate and was signed into law by Gov. Eric Holcomb.

Although Indiana began requiring continuing education for CPAs in 1979, there has been no substantive change that recognizes the evolution of learning and available technology, including computers, according to the Indiana CPA Society (INCPAS). It started and remained an exclusively hours-based education model – until now.

This new competency-based education will ensure a certain level of the subject material is learned and at the pace that works best for each learner. In a 2016 survey of INCPAS members, 83% favored the additional learning option, up from 58% in 2012.

“This legislation will enable the Board of Accountancy to write rules that make learning personal and measure what matters,” says INCPAS president and CEO Gary Bolinger. “Further, it has the potential to expand beyond Indiana and even beyond CPAs by serving as an enhanced professional development model for other licensed practitioners.”

State Rep. Martin Carbaugh (R-Fort Wayne) introduced and supported the bill. “This legislation can improve the quality of learning and lessons during the renewal process, which is not only beneficial to professionals but also to their employers and clients,” Carbaugh says. “If it proves to be effective, it has the potential to carry over into other licensed professions in Indiana.”

The next steps include working with the Indiana Board of Accountancy to develop the reporting framework, create a learning plan template and promulgate a rule to implement the statute.