BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 117
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          CONCURRENCE IN SENATE AMENDMENTS
          AB 117 (Niello and Ma)
          As Amended  June 15, 2009
          Majority vote
           
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          |ASSEMBLY:  |70-0 |(April 16,      |SENATE: |34-0 |(July 9, 2009) |
          |           |     |2009)           |        |     |               |
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           Original Committee Reference:    B. & P.

          SUMMARY  :  Requires the holder of an inactive certified public  
          accountant (CPA) license to disclose the inactive license status  
          on all materials, as specified.

           The Senate amendments  make nonsubstantive, technical and  
          clarifying changes.

           EXISTING LAW  : 

          1)Licenses and regulates some 40,000 CPAs under the California  
            Accountancy Act by the Board of Accountancy (Board) within the  
            Department of Consumer Affairs (DCA).

          2)Requires persons licensed by the Board to complete specified  
            continuing education requirements to maintain an active  
            license. 

          3)Allows the Board to make exceptions to the continuing  
            education requirements for licensees who are not engaged in  
            public practice.

          4)Provides that any board under the DCA may establish by  
            regulation an inactive license category for persons not  
            actively engaged in the practice of the profession or  
            vocation.

           AS PASSED BY THE ASSEMBLY  , this bill is substantially similar to  
          the version passed by the Senate.  

           FISCAL EFFECT  :  According to the Senate Appropriations  
          Committee, pursuant to Senate Rule 28.8, negligible state costs.

           Analysis Prepared by  :    Sarah Huchel / B. & P. / (916) 319-3301  








                                                                  AB 117
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