Ind. Admin. Code tit. 872, r. 1-0.5-1 – Definitions

Sec. 1. The following definitions apply throughout this title:

(1) "Accounting internship" means work experience in accounting obtained with an employer for credit from a university or college.
(2) "AICPA" has the meaning set forth in IC 25-2.1-1-3.3.
(3) "AP" has the meaning set forth in IC 25-2.1-1-3.
(4) "Board" has the meaning set forth in IC 25-2.1-1-4.
(5) "Bookkeeping" means the:
1. (A) recording;
2. (B) classifying; and
3. (C) summarizing;
of financial transactions of an entity from original documents for the purpose of preparing financial statements for internal use of management.
(6) "Corporate internal audit position" means work experience in the examination and evaluation of the adequacy and effectiveness of an organization's accounting and financial records and its system of internal control.
(7) "Course", for CPE, includes the following:
1. (A) Seminars.
2. (B) Workshops.
3. (C) Panel discussions.
4. (D) Technical sessions.
5. (E) Similar terms to describe organized instruction.
(8) "CPA" has the meaning set forth in IC 25-2.1-1-6.5.
(9) "CPE" means continuing professional education.
(10) "Financial statements" means the results of arranging fiscal transactions into a form to provide readers with information.
(11) "Firm" has the meaning set forth in IC 25-2.1-1-7. The term includes entities organized under the laws of Indiana or any other state, including limited liability partnerships.
(12) "Full-time employment" means a position where the individual:
1. (A) works at least forty (40) hours per week; or
2. (B) if a teaching position, carries a teaching load of at least twelve (12) semester hours or the equivalent.
(13) "Group program" means a CPE process designed to permit a participant to learn a given subject through real-time interaction with an instructor and other participants either:
1. (A) in a classroom or conference setting;
2. (B) by telephonic means; or
3. (C) by using the Internet.
(14) "Hours", used without a modifier, means CPE credit hours.
(15) "Internet-based study" means a CPE learning activity, through a group program or self-study course, designed to allow a participant to learn the given subject matter through the Internet.
(16) "PA" has the meaning set forth in IC 25-2.1-1-8.5.
(17) "Public communication" means a communication made in identical form to multiple persons or the world at large, by:
1. (A) television;
2. (B) radio;
3. (C) motion picture;
4. (D) newspaper;
5. (E) pamphlet;
6. (F) mass mailing;
7. (G) letterhead;
8. (H) business card; or
9. (I) directory.
(18) "Self-study" means a CPE process designed to allow a participant to learn a given subject without involvement of an instructor.
(19) "Principal place of business" has the meaning set forth in IC 25-2.1-1-10.2.

Any provision in this article that requires a specific number of semester credit hours is converted to the equivalent if a different grading period is used at the college or university. Unless it is established that a different equivalency applies, it is presumed that the correct equivalency is two (2) semester hours for every three (3) quarter hours.

(Indiana Board of Accountancy; 872 IAC 1-0.5-1; filed Aug 18, 1983, 3:20 p.m.: 6 IR 1925; filed Mar 20, 1985, 3:25 p.m.: 8 IR 1029; filed Jun 1, 1994, 5:00 p.m.: 17 IR 2342; errata filed Sep 14, 1994, 2:50 p.m.: 18 IR 269; filed Jun 5, 1998, 3:58 p.m.: 21 IR 3932; errata filed Jul 28, 1998, 10:59 a.m.: 21 IR 4537; filed Feb 21, 2000, 7:06 a.m.: 23 IR 1650; readopted filed Jun 22, 2001, 8:57 a.m.: 24 IR 3824; readopted filed Oct 4, 2007, 3:32 p.m.: 20071031-IR-872070066RFA; filed Nov 5, 2008, 2:33 p.m.: 20081203-IR-872080293FRA; readopted filed Dec 1, 2014, 8:35 a.m.: 20141231-IR-872140395RFA; readopted filed Nov 30, 2020, 11:53 a.m.: 20201230-IR-872200507RFA; filed Oct 3, 2022, 9:07 a.m.: 20221102-IR-872220159FRA; readopted filed Jan 12, 2024, 11:32 a.m.: 20240207-IR-872230761RFA; filed Mar 21, 2025, 12:35 p.m.: 20250416-IR-872240481FRA)