HB 797 Summary

• Establishes a "practice privilege" allowing certified public accountants (CPAs) licensed in other states to practice in Hawaii for up to 120 days per calendar year without obtaining a Hawaii license, if their home state meets substantial equivalency standards.

• Out-of-state CPAs exercising practice privilege must consent to Hawaii Board of Public Accountancy jurisdiction, comply with Hawaii law, notify the board of disciplinary actions within 30 days, and cease practice if their out-of-state license becomes invalid.

• Requires accountancy firms performing certain attest services (audits, examinations of prospective financial information, Public Company Accounting Oversight Board engagements) for clients with home offices in Hawaii to obtain a permit, even if the firm has no physical office in the state.

• Grants the Board of Public Accountancy automatic disciplinary authority over all CPAs practicing in Hawaii, including those with practice privileges, enhancing consumer protection and enforcement capabilities.

• Sunsets June 30, 2025, with specified sections reverting to prior law unless the legislature reenacts them.