CA SB1490

Extends indefinitely the operative date for provisions allowing certified public accounting firms authorized in other states to practice in California through a practice privilege holder, which were previously set to expire January 1, 2011.

Modifies the deadline for the California Board of Accountancy to hold a hearing on the California Research Bureau's report regarding the Uniform Accountancy Act's 150-hour rule from September 1, 2010 to 6 months following the report's issuance.

Requires the Board of Accountancy to adopt ethics study guidelines (minimum 10 semester units) by January 31, 2013 and accounting study guidelines by January 1, 2012 for certified public accountant education requirements.

Authorizes the Board of Accountancy to discipline out-of-state certified public accounting firms for acts that would constitute grounds for disciplining a practice privilege holder.

Declares the act an urgency statute effective immediately upon approval by the Governor on September 23, 2010.