California 2009-2010 Regular Session Status: Enacted

AB 138 — Accounting firms: peer review.

Last action — Chaptered by Secretary of State - Chapter 312, Statutes of 2009.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 20, 2009. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 8 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

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.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 312, Statutes of 2009.

  2. Approved by the Governor.

  3. Enrolled and to the Governor at 1 p.m.

  4. Senate amendments concurred in. To enrollment. (Ayes 74. Noes 4. Page 3158.)

  5. Assembly Rule 77 suspended. (Page 3152.)

  6. In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 10 pursuant to Assembly Rule 77.

  7. Read third time, passed, and to Assembly. (Ayes 28. Noes 6. Page 2166.)

  8. Read second time and amended. Ordered to third reading.

  9. From committee: Amend, and do pass as amended. (Ayes 8. Noes 2.) (August 27).

  10. In committee: Placed on Appropriations suspense file.

  11. In committee: Hearing postponed by committee.

  12. From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 9. Noes 0.) (June 29).

  13. 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.

  14. Referred to Com. on B., P. & E.D.

  15. In Senate. Read first time. To Com. on RLS. for assignment.

  16. Read third time, passed, and to Senate. (Ayes 73. Noes 6. Page 1832.)

  17. Read second time. To third reading.

  18. From committee: Do pass. (Ayes 12. Noes 5.) (May 28).

  19. In committee: Set, first hearing. Referred to APPR. suspense file.

  20. From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 9. Noes 1.) (April 28).

  21. Re-referred to Com. on B. & P.

  22. From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.

  23. Re-referred to Com. on B. & P.

  24. From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.

  25. Referred to Com. on B. & P.

  26. From printer. May be heard in committee February 20.

  27. Read first time. To print.

Sponsors

  • Hayashi · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on · 1 voted No

Sponsors (1)

  • Hayashi

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

AB 138 HAYASHI Concurrence in Senate Amendments

Passed 85 Yea · 5 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 80401
Democratic 3000
Republican 2100
Total 85501
% of votes cast 93%5%0%1%
How each member voted (91)
Member Party Vote
Hagman — Yea
Carter — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Bill — Yea
Tom — Yea
Charles — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Ammiano — Yea
Beall — Yea
Coto — Yea
Davis — Yea
Yamada — Yea
Fletcher — Yea
Fong — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Audra — Nay
Eng — Yea
Evans — Yea
Fuentes — Yea
Fuller — Yea
Anderson — Nay
Furutani — Yea
Garrick — Yea
Gilmore — Yea
Hall — Yea
Hayashi — Yea
Hernandez — Yea
Huber — Yea
Jeffries — Yea
Krekorian — Yea
Lieu — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Nava — Yea
Ruskin — Yea
Silva — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Torres — Yea
Torrico — Yea
Villines — Yea
Adams — Yea
Bass — Yea
Blakeslee — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Harkey — Yea
Hill — Yea
Huffman — Yea
Knight — Yea
Logue — Yea
Ma — Yea
Nestande — Yea
Nielsen — Nay
Smyth — Yea
Torlakson — Yea
Tran — Yea
Emmerson — Yea
Feuer — Yea
DeVore — Nay
Duvall — Not Voting
Galgiani — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Bill Berryhill — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Nay

Official roll call →

Assembly 3rd Reading AB138 Hayashi By Yee

Passed 29 Yea · 6 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 26606
Democratic 2000
Republican 1000
Total 29606
% of votes cast 71%15%0%15%
How each member voted (41)
Member Party Vote
Yee — Yea
Hancock — Not Voting
Corbett — Yea
Ducheny — Yea
Runner — Nay
Cogdill — Not Voting
Harman — Not Voting
Huff — Nay
Benoit — Not Voting
Dutton — Nay
Wolk — Not Voting
Florez — Yea
Lowenthal — Yea
Negrete — Yea
Ashburn — Yea
Liu — Yea
McLeod — Yea
Pavley — Yea
Romero — Yea
Steinberg — Yea
Wiggins — Yea
Aanestad — Yea
Alquist — Yea
Hollingsworth — Nay
Kehoe — Yea
Leno — Yea
Maldonado — Yea
Oropeza — Not Voting
Price — Yea
Simitian — Yea
Walters — Nay
Wright — Yea
Wyland — Yea
Cedillo — Yea
Correa — Yea
Cox — Nay
DeSaulnier — Yea
Denham — Yea
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended.

Passed 8 Yea · 2 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 8203
Total 8203
% of votes cast 62%15%0%23%
How each member voted (13)
Member Party Vote
Yee — Yea
Wyland — Not Voting
Runner — Not Voting
Hancock — Yea
Corbett — Yea
Leno — Yea
Oropeza — Yea
Price — Yea
Kehoe — Yea
Walters — Not Voting
Wolk — Yea
Cox — Nay
Denham — Nay

Official roll call →

Placed on Appropriations Suspense file.

Passed 12 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 12001
Total 12001
% of votes cast 92%0%0%8%
How each member voted (13)
Member Party Vote
Hancock — Yea
Corbett — Yea
Cox — Yea
Wyland — Yea
Yee — Yea
Runner — Yea
Leno — Yea
Oropeza — Not Voting
Price — Yea
Walters — Yea
Kehoe — Yea
Wolk — Yea
Denham — Yea

Official roll call →

Do pass, but re-refer to the Committee on Appropriations.

Passed 10 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10001
Total 10001
% of votes cast 91%0%0%9%
How each member voted (11)
Member Party Vote
Yee — Yea
Negrete — Yea
Corbett — Yea
Correa — Yea
McLeod — Yea
Oropeza — Yea
Romero — Yea
Walters — Not Voting
Aanestad — Yea
Wyland — Yea
Florez — Yea

Official roll call →

AB 138 HAYASHI Assembly Third Reading

Passed 84 Yea · 7 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 79601
Democratic 3000
Republican 2100
Total 84701
% of votes cast 91%8%0%1%
How each member voted (92)
Member Party Vote
Hall — Yea
Adams — Yea
Ammiano — Yea
Anderson — Yea
Carter — Yea
Bill — Yea
Tom — Yea
Eng — Yea
Evans — Yea
Fuentes — Yea
Charles — Yea
Fuller — Yea
Galgiani — Yea
Gilmore — Yea
Harkey — Yea
Hayashi — Yea
Hill — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Huber — Yea
Fletcher — Yea
Fong — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Saldana — Yea
Blakeslee — Yea
Chesbro — Yea
Conway — Yea
Cook — Yea
Coto — Yea
Duvall — Yea
Jeffries — Yea
Knight — Yea
Lieu — Yea
Logue — Yea
Mendoza — Yea
Miller — Yea
Nestande — Yea
Ruskin — Yea
Silva — Yea
Smyth — Yea
Solorio — Yea
Torlakson — Yea
Torres — Yea
Yamada — Yea
Audra — Nay
Hagman — Nay
Bass — Yea
Nava — Nay
Nielsen — Nay
Beall — Yea
Block — Not Voting
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Hernandez — Yea
Huffman — Yea
Krekorian — Yea
Ma — Yea
Monning — Yea
Price — Yea
Skinner — Yea
Swanson — Yea
Torrico — Yea
Tran — Yea
Villines — Yea
Emmerson — Yea
Feuer — Yea
Davis — Yea
DeVore — Nay
Furutani — Yea
Garrick — Nay
Beth Gaines — Yea
Bill Berryhill — Yea
Bill Berryhill — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Nay

Official roll call →

Do pass.

Passed 16 Yea · 6 Nay
Party YeaNayPresentNot Voting
Unaffiliated 15500
Democratic 1000
Republican 0100
Total 16600
% of votes cast 73%27%0%0%
How each member voted (22)
Member Party Vote
Fuentes — Yea
Hall — Yea
Charles — Yea
De — Yea
Leon — Yea
John — Yea
A. — Yea
Perez — Yea
Audra — Nay
Krekorian — Yea
Duvall — Nay
Nielsen — Nay
Price — Yea
Skinner — Yea
Solorio — Yea
Torlakson — Yea
Ammiano — Yea
Harkey — Nay
Miller — Nay
Davis — Yea
Calderon, Lisa Democratic Yea
Strickland, Tony Republican Nay

Official roll call →

Subjects

finance labor
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Frequently asked questions

What does AB 138 do?
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.
Who sponsors AB 138?
AB 138 is sponsored by Hayashi.
What is the current status of AB 138?
This bill has been enacted into law. Introduced January 20, 2009. Enacted.
Where can I track AB 138?
Track AB 138 free on One Click Politics — get push/email alerts when it moves.

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