{"data":{"id":"us-hi/haw.-rev.-stat.-421c-28","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 421C-28","heading":"Books; review.","body":"(a) Subject to subsection (b), every association shall keep a set of books of the association's business operations, which shall be reviewed at the end of each fiscal year by a certified public accountant who shall not be an officer, director, or employee of the association.\n\n(b) Where the annual gross business income of an association amounts to less than $1,000,000 (which amount shall be adjusted for changes in the Consumer Price Index since May 15, 1982), the review need not be done by a certified public accountant but may be performed by a review committee of two individuals who shall not be employees, plus the association's treasurer.\n\n(c) A written report of the review, which may include a statement of the amount of business transacted with members and the amount transacted with nonmembers, and which shall include a balance sheet of the association's income and expenses, shall be submitted to the annual meeting of the association.","path":["HI Code","Division 2","Title 23","Chapter 421C"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0421C/HRS_0421C-0028.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"78461d4dc482168f77cb3fa232edf874905ac48dc63c5d5dbd36a998ea48c5e3","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-421c-27","next":"us-hi/haw.-rev.-stat.-421c-29"},"notice":"GroundRules: Original legal text. Not legal advice."}