Burns Ind. Code Ann. § 25-2.1-3 provides that the board shall issue a CPA certificate to an individual who:
- Demonstrates good character through lack of a history of dishonest or felonious acts.
- Meets the requirements set forth in this chapter and IC 25-2.1-4.
- Pays the fee established by the board.
A first time examination candidate must have at least one hundred fifty semester hours or the equivalent if a different grading period is used, of college education, including a baccalaureate or higher degree conferred by a college or university acceptable to the board, the total educational program to include an accounting concentration or equivalent as determined by the board to be appropriate.
Pursuant to Burns Ind. Code Ann. § 25-2.1-13-1, whenever, as a result of an investigation under IC 25-2.1-9, the board believes that an individual or a firm has engaged or is about to engage in an act or a practice that constitutes or will constitute a violation of IC 25-2.1-12, the board may apply to a circuit or superior court for an order enjoining the act or practice. If the board determines that the individual or firm has engaged or is about to engage in an act or practice that constitutes or will constitute a violation of IC 25-2.1-12, an injunction, a restraining order, or another appropriate order may be granted by the court.
Burns Ind. Code Ann. § 25-2.1-12-11 provides that an individual licensee may not engage in the practice of accountancy in a firm holding a permit under this article using a professional or firm name or designation that is misleading about:
- the legal form of the firm;
- the individuals who are partners, members, officers, or shareholders of the firm; or
- any other matter.
Burns Ind. Code Ann. § 25-2.1-13-3 provides that an individual or a firm who knowingly violates IC 25-2.1-12 commits a Class A misdemeanor. If the board finds that an individual or a firm knowingly violates IC 25-2.1-12 or a rule or order established by the board under this section, the board may impose a civil penalty of not more than twenty-five thousand dollars ($25,000) per violation. Penalties collected under this section shall be deposited in the accountant investigative fund established by IC 25-2.1-8-4.