STAND. COM. REP. NO. 1165-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.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.R. No. 18 entitled: 

     "HOUSE 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 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. 1165-00
                                 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 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 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.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.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