Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 1012]

EXTRACTED TEXT FROM PAGE:

1957]

UNIVERSITY OF

ILLINOIS

IOO9

CHANGE IN REGULATIONS GOVERNING ADMINISTRATION OF ILLINOIS ACCOUNTANCY LAW (9) The Committee on Accountancy and the Board of Examiners in Accountancy jointly recommend a change in the condition rule for the C.P.A. examination in the University Regulations adopted by the Board of Trustees for the administration of the Illinois Accountancy Law. T h e rule as amended would read as follows and I concur in the Committee's recommendation: 25. A candidate under Section 2 of the Act may acquire condition standing in the subject or subjects failed if he a. Passes Theory of Accounts and Practical Accounting* only and fails Auditing and Law with grades not lower than 50 in each subject failed; b. Or passes in both Auditing and Law and attains a grade not lower than 60 in Theory of Accounts and Practical Acounting*; c. Or passes Theory of Accounts and Practical Accounting* and one other subject, Auditing or Law, regardless of the grade received in the subject failed. A candidate who achieves condition standing under paragraph a, b, or c above 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 fees (listed below) present himself for re-examination in the subject or subjects in which he failed at any three of the six semiannual examinations next succeeding the examination at which he qualified for such partial re-examination. Whenever a candidate presents himself for reexamination he must write on all subjects in which he then has failing grades. If on re-examination, 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 so qualify, 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. Fees for each examination written under Rule 25 are as follows: For candidates writing Theory of Accounts and Practical Accounting $40 00 For candidates writing Auditing or Commercial Law or a combination of Auditing and Commercial Law $30 00

On motion of Mr. Johnston, this change was approved.

REGULATIONS GOVERNING ASSESSMENT OF RESIDENT AND NONRESIDENT STUDENT FEES (10) Since 1922 the University has had regulations, approved by the Board of Trustees, defining the residence status of students for the purpose of assessment of fees. These regulations require amendment from time to time to take into account changing conditions and circumstances. The Committee on Fees and the Dean of Admissions and Records have studied the regulations and recommend a number of changes to make the regulations consistent with recent changes in the state law relating to emancipated minors and to clarify language. Two principal changes would permit the assessment of the same tuition and other fees as are assessed against resident students in the cases of certain classes of students who live in Illinois but who under present rules are classified as nonresidents, specifically: students from families of officers of the Armed Forces of the United States who are stationed in Illinois and from faculty families who have not yet acquired legal residence in terms of eligibility to vote in state elections. The complete text of the proposed regulations is given below. I recommend approval of the following new regulations.

* 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.