Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 250]

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HOARD OF TRUSTEES

[April 18

AWARD O F CERTIFIED PUBLIC ACCOUNTANT CERTIFICATES

(2) The Committee on Accountancy recommends that the certificate of Certified Public Accountant be awarded, under Section S of the Illinois Accountancy Act of 1943, as amended, to four 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. A list of the candidates is filed with the Secretary. I concur.

On motion of Mr. Livingston, these certificates were awarded,

PROPOSED AMENDMENT. RULE 16<B> A N D 19 O F UNIVERSITY REGULATIONS UNDER THE ILLINOIS PUBLIC ACCOUNTANCY ACT

(3) The Committee on Accountancy has proposed two amendments of the University regulations relating to the administration of the Certified Public Accountancy examinations. They are as follows: I Proposed Amendment of Rule 16(b) (Amended text underscored) Rule 16. Grading Scaie, Condition Candidates, end Transfer of Credits (a) Grading Scale * * * (b) Condition Candidates A candidate under Section 2 of the Act may acquire condition in the subject or subjects he failed if he 1) passes any two subjects or Accounting Practice only; and 2) obtains a grade of not less than SO in each subject failed. A candidate who achieves condition standing shall be credited with the subject or subjects in which he received passing grades and may upon application and the payment of the required examination fee present himself for reexamination in the subject or subjects in which hefailed at any three of the six semiannual examinations next succeeding the examination at which he qualified for such partial reexamination. Whenever a candidate presents himself for reexamination he must write on all subjects in which he then has failing grades. To obtain credit for a subject or subjects passed upon any reexamination, the condition candidate must obtain a grade of not less than 50 in each subject failed in any such reexaminatioa If on reexamination, the candidate passes in the subjects in which he has failed, he shall be eligible for the C.P.A. certificate; if he fails to pass the remaining subjects within the time provided, he shall revert to the status of a new applicant and shall be required to write the entire examination. The time limitation within which acandidate is required the pass subjects under this rule shall not include any period during which the applicant serves in the armed forces of the United States. The fee schedule for conditioned candidates is as follows: For the candidate who is required to write three half-day sessions $70 For the candidate who is required to write two half-day sessions $65 For the candidate who is required to write one half-day session $60

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Proposed Amendment of Rule 19 (Amended text underscored) Rule 19. Retention of Records The Director of Admissions and Records of the Urbana-Champaign campus shall preserve for a period of ten years all applications submitted by candidates for the C.P.A. examination and all supporting documents and correspondence relating to the application; shall maintain a permanent record card for each applicant admitted to the examination which contains information concerning the date