A new rule that went into effect in Indiana this year requires CPA candidates to be graduates of colleges that hold special accounting accreditation. So far, only Ball State University in Muncie and Notre Dame University in South Bend have undergone the arduous process necessary to receive the accreditation.
The state accountancy board has announced that students from non-accredited schools in Indiana will be denied the opportunity to take November's exam.
Schools are scrambling to see if there is any way they can go through the accreditation process in time for their students to sit for the exam next month. The state has declined to give any leeway, claiming the schools have known since 1998 that the accreditation was going to be required this fall.