university of illinois - UIHistories Project

1957] UNIVERSITY OF ILLINOIS 5*7
CHANGES IN REGULATIONS GOVERNING ADMINISTRATION
OF 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. (For 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.
THE UNIVERSITY REGULATIONS ADOPTED BY THE BOARD OF TRUSTEES
FOR ADMINISTERING THE ILLINOIS ACCOUNTANCY LAW
The 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. The 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.