Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 1201]

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1298

BOARD OF TRUSTEES

[November 23

31. A candidate under Section 2 of -the Act who passes in Theory of Accounts and Practical Accounting1 and fails in one or both of the other examination subjects (Auditing and Law), with a grade not lower than 60 in the subject or subjects failed, or a candidate who passes in Auditing and Law and fails in Theory of Accounts and Practical Accounting,1 with a grade not lower than 60, shall be credited with the subject or subjects in which he has received passing grades and may upon application and payment of the required examination fees (see note below) present himself for re-examination in the subject or subjects in which he failed at any three of the.six semi-annual examinations next succeeding the examination at which he qualified for such partial re-examination. Whenever a candidate presents himself for re-examination he must write on all subjects in which he then has failing grades. If on re-examinations, 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 do so, he shall revert to the status of a new applicant who is required to write the entire examination. The time limitation within which a candidate is required to pass subjects under this rule shall not include any period during which the applicant serves in the armed forces of the United States. Fee for each examination written under Rule 31 are as follows: For candidates writing Theory of Accounts and Practical Accounting $20 00 For candidates writing Auditing or Commercial Law . or a combination of Auditing and Commercial Law $15 00 32. A candidate under Section 2 of the Act whose grades are such that he is required to write in all subjects may not present himself for re-examination until at least one examination shall have intervened following his last examination or re-examination, and then only upon presentation of satisfactory evidence that he has made further preparation in the interim. A fee of $25.00 shall be paid for such re-examination. Awarding of C.P.A. Certificates 33. Each candidate who satisfies all the requirements and is duly certified as above required, shall receive a certificate designating him as a Certified Public Accountant (C.P.A.). This certificate shall be issued in the name of the University, and shall be signed by the President of the University, the Secretary of the Board of Trustees, and members of the appropriate Board of Examiners when required. Records 34. The Director of Admissions and Records shall keep the records of all successful candidates for the certificate. These records shall set forth the time and place of the examination at which each candidate met the requirements for the certificate, the grades obtained on the examination, the number of the certificate issued, and the date of its issue. 35. The fees from applicants shall be deposited with the Comptroller of the University, who shall keep a separate account of all receipts and expenditures under the law. 36. The University Committee shall keep examination papers of candidates on file for a period of three years. Revocation and Restoration of the Certificate of Certified Public Accountant 37. The University, on receipt of notice from the Department of Registration and Education of the cancellation of the Public Accountant registration of a. person, shall revoke, without further proceedings, the C.P.A. certificate of said person as prescribed in Section 22 of the Act. " 38. On receipt of notice from the Department of Registration and Education that the registration of a Public Accountant has been restored the University may,

*The examination in Theory of Accounts and the two sessions of the examination in Practical Accounting are considered as one subject in administering this rule.