Independent audits for deposit beverage distributors in Hawaii adjusted to mitigate financial impact on small businesses.
This bill amends the deposit beverage distributor independent audit requirement to reduce financial strain on small businesses. It modifies the audit process to be risk-based, considering factors like transaction amounts and prior audit findings. Distributors distributing fewer than two million deposit beverage containers annually are exempt from audits. Distributors handling between two million and 75 million containers must audit years ending in four or nine. The bill also mandates that audits assess inventory report accuracy, fee collection, and supporting records.
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