STAND. COM. REP. NO. 828
Honolulu, Hawaii
, 2007
RE: H.B. No. 91
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 91 entitled:
"A BILL FOR AN ACT RELATING TO PUBLIC ACCOUNTANCY,"
begs leave to report as follows:
The purpose of this bill is to allow the Board of Public Accountancy (Board) to ensure the highest quality of the state's licensed certified public accountants by providing them with the flexibility to do so by:
(1) Removing private or governmental accounting experience as meeting the required professional experience for a license in public accountancy;
(2) Ensuring that qualifying work experience for licensure eligibility is in public accounting; and
(3) Removing the public accountant examination requirement that an applicant hold a baccalaureate degree in accounting.
Numerous concerned individuals supported this bill. The Board, Office of the Auditor, Department of Taxation, Hawaii Society of Certified Public Accountants, and numerous concerned individuals opposed this bill.
Your Committee has amended this bill by:
(1) Changing the effective date by June 30, 2010, to provide a transition period for current applicants to acquire their licenses under the existing law; and
(2) Making technical, nonsubstantive changes for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 91, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 91, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
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____________________________ ROBERT N. HERKES, Chair |
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