SB980

THE SENATE	S.B. NO.	980
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO PUBLIC ACCOUNTANCY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 466, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§466- Out-of-state licensed certified public accountants. (a) An individual, whose principal place of business is outside this State, shall have all the privileges of a certified public accountant of this State without the need to obtain a license or permit under this chapter or to notify or register with the board or pay any fee, if the individual:

(1) Holds a valid and unrevoked license as a certified public accountant issued by or under the authority of any state that the National Association of State Boards of Accountancy National Qualification Appraisal Service has verified to be in substantial equivalence with the certified public accountant licensure requirements of the Uniform Accountancy Act of the American Institute of Certified Public Accountants and National Association of State Boards of Accountancy; or

(2) Holds a valid and unrevoked license as a certified public accountant issued by or under the authority of any state that the National Association of State Boards of Accountancy National Qualification Appraisal Service has not verified to be in substantial equivalence with the certified public accountant licensure requirements of the Uniform Accountancy Act of the American Institute of Certified Public Accountants and National Association of State Boards of Accountancy, but the individual has obtained from the National Association of State Boards of Accountancy National Qualification Appraisal Service verification that the individual’s certified public accountant qualifications are substantially equivalent to the certified public accountant licensure requirements of the Uniform Accountancy Act of the American Institute of Certified Public Accountants and National Association of State Boards of Accountancy.

(b) An individual exercising the privilege afforded under subsection (a) shall be deemed to have consented, as a condition of the grant of that privilege, to:

(1) The personal and subject matter jurisdiction and disciplinary authority of the board;

(2) Comply with this chapter and the rules adopted pursuant to this chapter;

(3) Cease offering or rendering professional services in this State if the license from the state of the individual’s principal place of business is no longer valid; and

(4) The appointment of the board that issued the individual’s license as the individual’s agent upon which process may be served in any action or proceeding by the board against the individual.

(c) A licensee of this State offering or rendering services or using the certified public accountant title in another state shall be subject to disciplinary action in this State for an act committed in another state for which the licensee would be subject to discipline in the other state.”

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________