STAND. COM. REP. NO.  1790

Honolulu, Hawaii

                , 2007

RE:   S.B. No. 1010

      S.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 S.B. No. 1010, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CERTIFIED PUBLIC ACCOUNTANTS,"

begs leave to report as follows:

     The purpose of this bill is to amend the requirements for obtaining a certified public accountant license by eliminating private or government accounting or auditing work as a substitute for experience in public accountancy practice required for licensure.

     The Hawaii Association of Public Accountants and numerous concerned individuals testified in support of this bill.  The Department of Taxation, Office of the Auditor, Board of Public Accountancy, Hawaii Society of Certified Public Accountants, and numerous individuals opposed this measure.

     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 S.B. No. 1010, S.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

ROBERT N. HERKES, Chair