Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 520]

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1957]

UNIVERSITY OF ILLINOIS

5*7

CHANGES I N REGULATIONS GOVERNING ADMINISTRATION O F ILLINOIS ACCOUNTANCY LAW (10) Under the Illinois Accountancy Law, the University of Illinois has the responsibility of examining candidates for certificates of Certified Public Accountant in this State. The Board of Trustees has adopted regulations for the administration of the University's responsibilities under the law. The Committee on Accountancy recommends that these regulations be amended to take into account recent changes in the law and actions of the Board of Trustees. The following regulations are recommended. ( F o r the most part, they are merely additions or omissions to bring the rules in agreement with the changes in various sections of the Accountancy Act.) The Committee is recommending that the fee for the Certified Public Accountant examination be increased from $25 to $50 as authorized in the Act. Also that the fees for partial examinations under the Condition Rule be increased in proportion, the $20 fee be increased to $40 and the $15 fee to $30. The Committee feels that this increase in fees is essential to assure sufficient income from the fees to cover the increased cost of operating the examination including cost of questions, supplies, grading services, and the University's part in the administering of the examination. I recommend adoption of these revised regulations to supersede those currently in effect.

On motion of Mr. Johnston, the following revised recommendations were adopted, to become effective as of July 1, 1957.

T H E UNIVERSITY REGULATIONS ADOPTED B Y THE BOARD OF TRUSTEES FOR ADMINISTERING THE ILLINOIS ACCOUNTANCY L A W

T h e University Committee on Accountancy 1. The administrative functions of the University of Illinois under the Accountancy Act of 1943 as amended shall be performed by a Committee on Accountancy responsible to the President of the University. T h e Committee shall consist of the Dean of Admissions and Records or his deputy and two other members of the University staff, to be appointed by the President. 2. This Committee shall receive all applications for examinations under the Act, shall examine all evidence submitted by such applicants in support of their applications, and shall issue to approved applicants cards of admission to the examinations; and no candidate shall be examined who does not present to the Board of Examiners, at the time and place of examination as advertised, such card of admission, signed by the Secretary of the Committee. 3. This Committee shall designate the times and places of all examinations under the Act, shall advertise the same according to the provisions of the law, and shall supervise the conduct of such examinations. 4. This Committee shall receive from the Board of Examiners, hereinafter referred to, the questions to be used at all examinations and shall arrange for an adequate supply of these examination questions to be delivered to the examining Board in time for use at the examinations as advertised. 5. The Committee shall receive the reports of the grades of all candidates who have taken the examinations under this Act from the Board of Examiners and shall certify to the President the names of the candidates who attain passing grades and who satisfy the other qualifications prescribed by the Act. 6. This Committee shall receive all applications for the C.P.A. certificate filed under Section 5 of the Act, shall examine all evidence submitted by such applicants in support of their applications, and shall certify to the President those applicants who comply with the provisions of this Section. 7- This Committee shall receive and certify all statements of expenses and fees of the Board of Examiners. The Board of Examiners Established under Section 2 of the Act 8. The Board of Examiners for the examination of candidates for the certificate of Certified Public Accountant under Section 2 of the Act shall consist of three members.