Mary Hayashi
- Democratic
Author
Existing law provides for the licensing and regulation of certified public accountants and other licensees by the California Board of Accountancy. Existing law requires an accounting firm providing attest services, with certain exceptions, to complete a peer review every 3 years in order to renew its registration, if the board, prior to September 1, 2011, determines that a peer review program should be implemented and identifies the resources necessary for that implementation. This bill would instead impose a peer review requirement for all accounting firms relative to accounting and auditing practice, which would be conducted by a board-recognized peer review program. The bill would require the board to adopt emergency regulations as necessary to implement the program and to adopt, by January 1, 2010, regulations defining a substandard peer review report. The bill would require an accounting firm and a peer review program provider to file copies of substandard peer review reports with the board. The bill would also require the board to appoint a peer review oversight committee, as specified. The bill would require the board to provide a report to the Legislature and Governor, by January 1, 2013, that includes specified information on the impact of these peer review requirements on certain small firms and sole practitioners. The bill would specify that these provisions shall become inoperative on January 1, 2014, unless a later enacted statute, enacted prior to that date, deletes or extends that date. The bill would also make specified findings and declarations of the Legislature regarding the value of peer review.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 312, Statutes of 2009.
Enrolled and to the Governor at 1 p.m.
Senate amendments concurred in. To enrollment. (Ayes 74. Noes 4. Page 3158.)
Assembly Rule 77 suspended. (Page 3152.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 10 pursuant to Assembly Rule 77.
Read third time, passed, and to Assembly. (Ayes 28. Noes 6. Page 2166.)
Read second time and amended. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 8. Noes 2.) (August 27).
In committee: Placed on Appropriations suspense file.
In committee: Hearing postponed by committee.
From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 9. Noes 0.) (June 29).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 73. Noes 6. Page 1832.)
Read second time. To third reading.
From committee: Do pass. (Ayes 12. Noes 5.) (May 28).
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 9. Noes 1.) (April 28).
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.
From printer. May be heard in committee February 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB138 | HTML |
| 01/20/09 - Introduced | |
| 03/10/09 - Amended Assembly | |
| 04/23/09 - Amended Assembly | |
| 06/15/09 - Amended Senate | |
| 09/02/09 - Amended Senate | |
| 09/11/09 - Enrolled | |
| 10/11/09 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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