HI HCR188

Office of Hawaiian Affairs Board of Trustees authorized procurement of an independent certified public accounting firm in February 2017 to conduct financial audit and management review of the agency and its subsidiaries.

State Auditor's Report No. 18-03 identified spending irregularities and possible breaches of fiduciary duties involving alternate funding processes for limited liability companies, procurement processes, and loans.

The Board initiated the independent audit in response to concerns about lack of systematic review of the Office's procurement processes, limited liability companies, and loan activities.

House Concurrent Resolution 188 requests the Office of Hawaiian Affairs complete the 2017 independent financial audit and management review to identify waste, inefficiency, and enable policy improvements.

Certified copies of the resolution shall be transmitted to the Chairperson of the Board of Trustees, Chief Executive Officer, and State Auditor.