STAND. COM. REP. NO. 409

Honolulu, Hawaii

, 2019

RE: H.B. No. 751

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Intrastate Commerce, to which was referred H.B. No. 751 entitled:

"A BILL FOR AN ACT RELATING TO THE PEER REVIEW OVERSIGHT COMMITTEE,"

begs leave to report as follows:

The purpose of this measure is to clarify that a licensed accountant may qualify for membership on the Board of Public Accountants' Peer Review Oversight Committee so long as the accountant's firm did not receive a fail rating from its last peer review.

The Board of Public Accountancy testified in support of this measure.

Your Committee has amended this measure by:

(1) Changing its effective date to July 1, 3000; and

(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 751, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 751, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,

____________________________

TAKASHI OHNO, Chair