Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred Governor's Message Nos. 124 and 125, submitting for study and consideration the nominations of:

begs leave to report as follows:

The Department of Commerce and Consumer Affairs testified in support of both nominations. Additionally, testimony in support of nominee Howard Kong Kam, Jr., was received from Palama Settlement, Hawaii Hotel and Lodging Association, Hawaii Society of Certified Public Accountants, Seibu, Inc., and nine individuals.

HOWARD KONG KAM, JR., is a graduate of the University of Hawaii at Manoa with a bachelor of business administration degree in accounting and has undertaken additional coursework in taxation at George Washington University and New York University. In 1983, he founded Horwath Kam and Company, An Accountancy Corporation, one of the twenty largest certified public accounting firms in the State, and currently serves as its managing director. Mr. Kam is a licensed certified public accountant in Hawaii, Georgia, Oregon, and the Territory of Guam. The nominee is a member of the American Institute of Certified Public Accountants, Hawaii Society of Certified Public Accountants, and a founding member of the International Society of Certified Public Accountants. Mr. Kam has served as an interim member of the Board of Public Accountancy (Board) since July 2004.

RANDALL T. KAYA, nominated as a public member of the Board, is a graduate of the University of Southern California with a bachelor of arts degree in economics. As a financial adviser for an investment firm for the last eleven years, Mr. Kaya has had extensive experience working with public accountants and certified public accountants. The nominee has served as an interim member of the Board since July 2004.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee, after full consideration of the background, experience, and qualifications of the nominees, has found the nominees to be qualified for the position to which nominated and recommends that the Senate advise and consent to the nominations.