§466-33 Standards for peer reviews and sponsoring organizations. (a) Except as otherwise provided by section 466-36, the board shall adopt the Standards for Performing and Reporting on Peer Reviews and any applicable ethical requirements adopted by the American Institute of Certified Public Accountants and the public company accounting oversight board firm inspection standards for public company audit firms required under the Sarbanes-Oxley Act of 2002, as amended, as its minimum standards for peer reviews.
(b) Subject to sections 466-40 and 466-41, qualified sponsoring organizations shall be the American Institute of Certified Public Accountants peer review program, the Hawaii Society of Certified Public Accountants peer review program, state certified public accountant societies fully involved in the administration of the American Institute of Certified Public Accountants peer review program, the public company accounting oversight board, the board, and other entities that are approved by the board. [L 2012, c 324, pt of §1]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
466-4 Board of public accountancy.
466-5 License of certified public accountant.
466-5.5 Educational requirements for licensure effective December 31, 2000.
466-6 License of public accountant.
466-11 Injunctions against prohibited acts.
466-11.5 Single act evidence of practice.
466-12 Ownership of accountant's working papers.
466-17 Construction; severability.
466-32 Establishment of peer review process; confidentiality.
466-33 Standards for peer reviews and sponsoring organizations.
466-34 Enrollment and participation.
466-35 Peer review compliance reporting form.
466-36 Hawaii supplement to the peer review report.
466-37 Retention of documents.
466-38 Reporting to the board.
466-40 Procedures for sponsoring organization.
466-41 Oversight of sponsoring organizations
466-42 Peer review oversight committee.
466-43 Oversight of peer reviewers for a Hawaii supplemental peer review.