STATEHOUSE (June 30, 2017) — Gov. Eric Holcomb today ceremonially signed into law State Rep. Martin Carbaugh’s (R-Fort Wayne) proposal streamlining the way accountants renew their certificates.
“It is important that CPAs are receiving an option to complete competency-based education versus hourly based education because with increasing technologies and higher quality professionals, our accountants need to be gaining knowledge, not just logging time,” Carbaugh said. “This will not only be beneficial to them, but also to their employers and clients. For teaching and renewal of licensing, we need to be using the most effective method of learning.”
According to the Indiana Certified Public Accountant Society, CPAs in Indiana are currently required to complete 120 hours of continuing professional education every three years.
Carbaugh said this is an enabling law that allows flexibility and a new style of learning. The Indiana Board of Accountancy will provide the option of competency-based learning, which allows learners to work on one skill at a time and once they have mastered it, they are able to move onto the next skill. This is helpful for the renewal course because CPAs already have an understanding of this information and they can continue to build on this knowledge.
According to Carbaugh, competency-based learning has the ability to require less time and improve the quality of education because these professionals would be getting lessons out of the renewal process, which is essential to their careers.
House Enrolled Act 1467 goes into effect July 1.
State Rep. Martin Carbaugh (R-Fort Wayne) represents House District 81, which includes portions of Allen County.