STAND. COM. REP. NO.  882

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 337

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 337 entitled:

"A BILL FOR AN ACT RELATING TO PUBLIC ACCOUNTANCY,"

begs leave to report as follows:

The purpose of this measure is to remove the specific reference to AT section 201 and require that peer reviews of certified public accountants (CPA) and CPA firms be governed by the Statements on Standards for Attestation Engagements adopted by the American Institute of Certified Public Accountants in its entirety.

The Board of Public Accountancy testified in support of 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 H.B. No. 337 and recommends that it pass Third Reading.

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

____________________________

ANGUS L.K. McKELVEY, Chair