1. (a) The board may adopt a rule under IC 4-22-2 to incorporate by reference into a rule the latest statement, edition, or compilation of the professional standards governing the competent practice of accountancy that are:

   1. (1) enacted in a federal or state statute, rule, or regulation; or
   2. (2) adopted by an agent of the United States, a state, or a nationally recognized organization or association, including the AICPA, the International Accounting Standards Board, and the Public Company Accounting Oversight Board.

2. (b) The board may, by resolution, authorize the executive director of the Indiana professional licensing agency to adopt one (1) or more rules described in subsection (a) on behalf of the board. The authorization may be limited as determined by the board. The board may revise or terminate an authorization by resolution. The executive director of the Indiana professional licensing agency shall adopt rules under IC 4-22-2 in conformity with the resolution adopted by the board. A rule adopted on behalf of the board by the executive director must:

   1. (1) be signed by the executive director;
   2. (2) specify on the signature page that the executive director is acting on behalf of the board; and

   3. (3) be submitted to the publisher of the Indiana Register under IC 4-22-2 with a copy of the resolution authorizing the rulemaking.

      A rule adopted by the executive director in conformity with this subsection shall be treated as a rule of the board.

As added by P.L.25-2012, SEC.2. Amended by P.L.93-2024, SEC.182.