Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 646]

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1980]

UNIVERSITY OF ILLINOIS

635

1943, as amended, to thirteen candidates who have presented evidence that they are holders of valid and unrevoked certified public accountant certificates obtained by passing a standard written examination in another state or territory of the United States and who qualify in all other respects under this provision of the law. The names of the candidates are filed with the secretary. T h e Committee on Accountancy, pursuant to Rule 16(d) of the Regulations, also recommends that the certificate of certified public accountant be awarded to thirty-six candidates who wish to transfer the examination credit earned by passing the standard written examination in another state and who have fulfilled all other legal requirements under Sections 1, 2, and 3 of the Illinois Accountancy Act of 1943, as amended. The names of the candidates are filed with the secretary. I concur in these recommendations.

Appointments to Board of Examiners in Accountancy

(5) The Committee on Accountancy recommends the appointment of Carmen R. Milano, senior partner of the public accounting firm of Milano & Milano, Park Ridge, and Donald C. Freund, partner in charge of the Chicago office of the national public accounting firm of Fox & Company, as members of the Board of Examiners in Accountancy for three-year terms beginning with the November 1980 certified public accountant examination and continuing through the May 1983 examination. They will succeed Sidney F. Jarrow and Bert B. Weinstein whose terms will expire with the completion of the grading of the May 1980 examination. (Mr. Milano, certified public accountant and senior partner of the public accounting firm, Milano & Milano, Park Ridge, Illinois, holds both an accounting degree and a law degree from the University of Illinois. He has recently served as a member of the Board of Directors and as vice president of the Illinois CPA Society and is currently a member of the Governing Council of the American Institute of C.P.A.'s.) (Mr. Freund, certified public accountant and partner in charge of the Chicago office of Fox & Company, a national public accounting firm, has recently served on the Board of Directors and as secretary of the Illinois CPA Society. He is an alumnus of the University of Notre Dame.)

Amendment, University Rules and Regulations Governing the C.P.A. Examination I

(6) As the number of candidates who sit for the C.P.A. examinations has increased, there has been a gradually increasing balance in the fee account. In 1978, the trustees approved a recommendation of the University Committee on Accountancy to reduce the fees for condition candidates and for transfer candidates. However, the trust account balance has continued to increase. In order to maintain a reasonable balance in that account, the committee now recommends that the fee schedule for first-time candidates be adjusted downward by amending Rule 6 of the "Rules and Regulations Governing the Illinois C.P.A. Examination" as follows: 1 R U L E 6. Filing of the Application and Payment of Fees Applicants for the examination for the C.P.A. certificate under the Act shall file their applications with the Committee on Accountancy at Urbana, Illinois, together with the necessary proofs to establish their eligibility. The proper fee must accompany the application. A fee of $75 [$85.00] is prescribed for each examination or re-examination except as indicated under Rule 16 and Rule 17.

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