CalCPA's bill to implement 150 hours ethics requirement goes to governor's office.

• Position: ADVOCATING FOR CALIFORNIA CPAS

CalCPA-sponsored SB 773 by Sen. Gloria Negrete-McLeod--an important step in implementing the requirements for the 150-hour mandate set in place last year--is on the governor's desk.

The California Board of Accountancy has been deliberating to determine the subjects that will meet the requirements for the 20 units of accounting and business related education and 10 units of ethics education on the requirements for qualifying coursework needed for CPA licensure after Jan. 1,2014.

SB 773 will implement the ethics education portion.

Candidates for licensure after Jan. 1, 2017, will be required to have a three-semester or four-quarter unit course in accounting ethics, along with other subjects that would fill the overall 10 unit ethics...