HI HR170

Requests the Office of Hawaiian Affairs to complete a 2017 independent financial audit and management review of the Office and its subsidiaries

References concerns about spending irregularities, possible breaches of fiduciary duties, procurement processes, limited liability companies, and loans identified in Auditor's Report No. 18-03

Notes the Board of Trustees authorized procurement of an external auditor in February 2017 and approved a policy limiting the Chief Executive Officer's budget adjustment discretion

States the financial audit would help identify areas of waste and inefficiency, enable policy changes, strengthen fiduciary oversight, and improve mission implementation

Directs certified copies be transmitted to the Chairperson of the Board of Trustees, Chief Executive Officer, and State Auditor of the Office of Hawaiian Affairs