Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2854, H.D. 1, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to clarify requirements for licensure as a certified public accountant.

The bill specifies that applicants seeking licensure as certified public accountants must complete the one hundred fifty semester hours of college education, and that this requirement is a prerequisite for licensure and not a prerequisite to sitting for the uniform certified public accountant examination.

Your Committee understands that this measure will thereby allow applicants to sit for the examination after completing one hundred twenty semester hours of education.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2854, H.D. 1, S.D. 1, and recommends that it pass Third Reading.