Indiana Board of Accountancy

BOARD DOC 09-08

INDIANA BOARD OF ACCOUNTANCY Will meet on November 20, 2009 at 10:00 a.m. IU Kelley School of Business 1309 East 10th Street, Room CG1008 Bloomington, IN 47405

BOARD MEMBERS PRESENT: Timothy Deisher, CPA, Chair Shelley Johnson, CPA, Vice-Chair Michael Flowers, CPA Randolph Holt, Esq. Gregory Coy, CPA

STATE OFFICIALS PRESENT: Paul Ross, Board Director James Schmidt, Office of the Attorney General

MINUTES TRANSCRIBED AND COMPILED BY: Paul Ross, Board Director

** I. COMMITTEE MEETING 9:00 a.m.

II. STUDENT PRESENTATION 10:00 a.m. a. 120 vs. 150 hours to sit for examination

III. STUDENT DIRECTED QUESTION & ANSWER SESSION 10:20 a.m.

IV. CALL TO ORDER AND ESTABLISHMENT OF A QUORUM 10:30 a.m. The meeting was called to order at 10:31 A.M, November 20, 2009 pursuant to public notice posted at the principal office of the Board at least forty-eight (48) hours prior to the meeting.

V. ADOPTION OF THE AGENDA

VI. ADOPTION OF THE MINUTES FROM THE OCTOBER 16, 2009 MEETING OF THE BOARD

VII. OLD/NEW BUSINESS a. Presentation by Gary Bolinger, President/CEO of INCPAS i. Proposed Amendment to 872 IAC 1-1-2 (applications for examinations) ii. Proposed Amendment to 872 IAC 1-3-3 (continuing professional education) After Gary Bolinger presented the proposed amendments, there were questions to obtain clarification of (2) (a) of the Early Application amendment. Jim Schmidt explained the NOI process and R. Holt asked the board to discuss preparing a Notice of Intent. G. Coy discussed his experience with current process as being cumbersome and that the proposal makes sense. Jim Schmidt agreed b. IFRS Notice of Intent – G. Coy – No new information to report c. Frank Claeys – Mr. Claeys submitted CPE documentation and a letter explaining his health problems with his request for reinstatement of his CPA license. R. Holt made a motion to approve Mr. Claeys request for reinstatement and acceptance of his letter of explanation with 48 hours of CPE credits. G> Coy 2nd the motion. The motion carried 5-0

VIII. PROPOSED FINDINGS OF FACT, CONCLUSION OF LAW, AND ORDER

a. Bret Alan Overdorf, License No. CP18581147 (Active) Cause No. IBA 09-10 R. Holt made a motion to then terms from the settlement conference, G. Coy 2nd motion. Motion carried 4-0, 1 abstained.

IX. RULE RE-ADOPTION a. Rule 872 IAC 1-4-1 General Requirements Assigning LSA Document #09-784 to the Notice Motion was made to re- adopt a Rule by S. Johnson, motion 2nd by G. Coy. Motion carried 5-0

X. ACTION ON APPLICATIONS

a. Initial Applications for Certification as a Certified Public Accountant b. Applications for Certification as a Certified Public Accountant via Reciprocity c. Applications for Certification as a Certified Public Accountant via Reciprocity by Substantial Equivalency d. Applications for Certification as a Certified Public Accountant via Transfer of Grades e. Applications for Registration of Professional Corporations f. Application for Renewal of Lapsed Certificate g. Application for Renewal with Positive Responses

Randy Holt made a motion to approve the action on applications as noted on files. Second by Greg Coy. Motion carried 5-0-0.

XI. TEMPORARY FIRM PERMITS R. Holt made a motion and G. Coy 2nd motion carried 5-0 on the following:

a. Elevation CPA Group, PC – No action to extend Temporary Permit beyond 12/27/2009; renew Permit to Practice with Peer Review Acceptance Mr. Balas, President of Elevation CPA Group, submitted an update of the peer review process. He is requesting a second temporary permit- No action to extend Temporary Permit: renew Permit to Practice with Peer Review Acceptance letter. b. Glenda M. Snyder & Associates No action to extend Temporary Permit beyond 12/27/2009; renew Permit to Practice with Peer Review Acceptance. Ms. Snyder submitted an update of the peer review process c. Suttner Accounting Services – Approved to renew Permit to Practice with Peer Review Acceptance Mr. Suttner submitted his peer review acceptance letter.

d. McKay Accounting Service – Approved Permit to Practice. Mr. McKay submitted an update of the peer review process.

XII. STANDING REPORTS

a. Board Liaison to the Attorney General’s Office – Michael Flowers - No report b. Indiana Professional Licensing Agency – Paul H. Ross i. CPE Audit Update ii. Board Vacancy – The Governor’s office is aware and is working to fill board vacancies. iii. NASBA c. Advisory Counsel – James Schmidt - No report

XIII. DISCUSSION - None

XIV. ADJOURNMENT G. Coy moved to adjourn, R. Holt 2nd, T. Deisher adjourned meeting @11:57 a.m.

Next Scheduled Meeting: January 15, 2010 Indiana Professional Licensing Agency 402 West Washington Street, Room W064 Indianapolis, IN 46204