STAND. COM. REP. NO. 1164-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.C.R. No. 18
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Economic Development and Business
Concerns, to which was referred H.C.R. No. 18 entitled: 

     "HOUSE CONCURRENT RESOLUTION REQUESTING THE DEPARTMENT OF
     COMMERCE AND CONSUMER AFFAIRS, THE BOARD OF PUBLIC
     ACCOUNTANCY, THE HAWAII SOCIETY OF CERTIFIED PUBLIC
     ACCOUNTANTS, AND THE HAWAII ACCOUNTANTS COALITION TO
     COOPERATIVELY DEVELOP LEGISLATION FOR THE REGULATION OF THE
     PROFESSION OF CERTIFIED PUBLIC ACCOUNTANCY TO BE INTRODUCED
     IN THE 2001 REGULAR SESSION OF THE STATE LEGISLATURE
     CONSISTENT WITH THE STANDARDS RECOMMENDED BY THE NATIONAL
     ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY AND THE AMERICAN
     INSTITUTE OF CERTIFIED,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to request the
Department of Commerce and Consumer Affairs (DCCA), the Board of
Public Accountancy, the Hawaii Society of Certified Public
Accountants, and the Hawaii Accountants Coalition to
cooperatively develop omnibus legislation for the regulation of
the profession of certified public accountancy that is consistent
with the standards of the American Institute of Certified Public
Accountants and the Uniform Accountancy Act as recommended by the
National Association of State Boards of Accountancy.

     DCCA, the Board of Public Accountancy, the University of
Hawaii School of Accountancy, Pricewaterhouse Coopers LLP, the
Hawaii Society of Certified Public Accountants, Wachi & Watanabe,
CPA, Inc., the Hawaii Accountants Coalition, and Arthur Andersen

 
 
                                 STAND. COM. REP. NO. 1164-00
                                 Page 2

 
LLP testified in support of this measure.  The National
Association of Tax Practitioners testified in support of the
intent of this measure.

     Your Committee has amended this concurrent resolution by:

     (1)  Amending its title to read:  "REQUESTING THE
          DEVELOPMENT OF LEGISLATION FOR THE REGULATION OF THE
          PROFESSION OF CERTIFIED PUBLIC ACCOUNTANCY THAT IS
          CONSISTENT WITH THE STANDARDS OF THE AMERICAN INSTITUTE
          OF CERTIFIED PUBLIC ACCOUNTANTS AND THE UNIFORM
          ACCOUNTANCY ACT AS RECOMMENDED BY THE NATIONAL
          ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY";

     (2)  Including the Hawaii Chapter of the National
          Association of Tax Practitioners to participate in the
          development of such legislation;

     (3)  Specifying that a certified copy of the concurrent
          resolution be transmitted to the President of the
          National Association of Tax Practitioners, Hawaii
          Chapter; and

     (4)  Making technical, nonsubstantive amendments for
          clarity, consistency, and style.

     As affirmed by the record of votes of the members of your
Committee on Economic Development and Business Concerns that is
attached to this report, your Committee concurs with the intent
and purpose of H.C.R. No. 18, as amended herein, and recommends
that it be referred to the Committee on Consumer Protection and
Commerce, in the form attached hereto as H.C.R. No. 18, H.D. 1.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development and Business
                                   Concerns,



                                   ______________________________
                                   ROBERT N. HERKES, Chair