reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.0664 - Experience as agent of Internal Revenue Service: Appointment and duties of internal review committee (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy, eff. 7-6-92; A by R075-03, 10-28-2003; R031-13,
				10-23-2013
NRS
				  NRS 628.120,
				  628.200
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.0666 - Experience as agent of Internal Revenue Service: Maintenance of record of experience (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy, eff. 7-6-92; A 12-13-96; R075-03, 10-28-2003; R031-13,
				10-23-2013
NRS
				  NRS 628.120,
				  628.200
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.0668 - Experience as agent of Internal Revenue Service: Educational requirements (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy, eff. 7-6-92; A 5-18-94; 12-13-96; R031-13,
				10-23-2013
NRS
				  NRS 628.120,
				  628.200
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.067 - Experience as agent of Internal Revenue Service: Quality control (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy, eff. 7-6-92; A by R075-03, 10-28-2003; R031-13,
				10-23-2013
NRS
				  NRS 628.120,
				  628.200
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.068 - Experience in internal auditing work or governmental accounting and auditing work: Additional means of satisfying requirements (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy, eff. 7-6-92; A by R192-97, 1-30-98; R031-13,
				10-23-2013
NRS
				  NRS 628.120,
				  628.200
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.070 - Certificate by reciprocity or temporary permit

Current through June 11, 2024
1. The
			 Board may grant a certificate by reciprocity to practice to any person who is
			 the holder of:
(a) A certificate as a
			 certified public accountant then in effect issued pursuant to the laws of any
			 state or other jurisdiction of the United States; or
(b) An equivalent certificate then in effect
			 issued by a foreign country pursuant to the provisions of
			 NRS
			 628.310.
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.080 - Waiver of examination; submission of proof of continuing education (Repealed)

Current through June 11, 2024
Bd. of Accountancy, Art.
				3, eff. 5-13-82-NAC A 2-6-87; 12-13-96; R169-99, 12-13-99; R056-05, 11-17-2005;
				R046-13, 12-23-2013; R by
				R008-22A,
				eff. 9/8/2022
NRS 628.120 and
				  628.310
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.090 - Temporary permits (Repealed)

Current through June 11, 2024
Bd. of Accountancy, Art.
				4, eff. 5-13-82-NAC A 5-18-94; 12-13-96; R169-99, 12-13-99; R046-13,
				12-23-2013
NRS
				  NRS 628.120,
				  628.440
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.100 - Notification of change of address

Current through June 11, 2024
Every holder of a permit and every firm registered with the
				Board must notify the Board in writing within 30 days after any change in his
				or her mailing address, electronic mail address, telephone number or any other
				contact information on file with the Board.
Bd. of Accountancy, Art.
				1 § 2, eff. 5-13-82-NAC A 2-6-87; R046-13,
				12-23-2013
NRS
				  NRS 628.120
Nevada Administrative Code › Chapter 628 - Accountants › CERTIFICATION › Section 628.110 - Retired or inactive status; revocation for nonpayment of fees; reinstatement

Current through June 11, 2024
1. The certificate
			 of a certified public accountant who holds a live permit and is in good
			 standing may, upon application to and approval by the Board, be placed on
			 retired or inactive status.
2. A
			 certified public accountant whose certificate is placed on retired status
			 pursuant to subsection 1 must, if he or she thereafter includes any reference
			 to his or her certification on a business card, letterhead or similar document
			 or device, include the word "retired" immediately following each such
			 reference.
3. Any of the following
			 activities will be considered as active involvement in the accounting
			 profession, and the holder of the certificate will not qualify for retired or
			 inactive status:
(a) Any employment related
			 to the financial functions of any business, governmental entity or nonprofit
			 organization;
(b) Any supervision
			 of the financial functions of any business, governmental entity or nonprofit
			 organization;
(c) Any preparation
			 of tax returns or schedules in support of a tax return for compensation except
			 when prepared for family members;
(d) Any volunteer position related to the
			 financial functions of an entity, except financial oversight required by law in
			 a fiduciary capacity for the volunteer position; or
(e) Any work as a trustee that includes the
			 preparation of financial information for the trust except for a family trust of
			 the former holder of a certificate or of any person who is related within the
			 third degree of consanguinity or affinity to the former holder of a
			 certificate.
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.130 - Applications; approval or disapproval

Current through June 11, 2024
1. A firm must file
			 with the Board an application for registration as provided in
			 NRS
			 628.335, as amended by section 7 of Senate
			 Bill No. 437, chapter 61, Statutes of Nevada 2023, at page 301. The application
			 must be accompanied by the prescribed fee.
2. Before a certified public accountant, or a
			 certified public accounting firm with an office in this State, engages in the
			 practice of public accounting in this State under a fictitious name, the
			 certified public accountant or firm must first obtain the approval of the
			 Board. An application for registration that is filed with the Board and
			 includes a request for the registration of a fictitious name must be
			 accompanied by the prescribed fee in accordance with NAC
			 628.016.
3. The Board, within a reasonable time after
			 the submission of an application for registration, will either approve the
			 application and issue a certificate of registration or refuse approval and
			 notify the applicant of the reasons for refusal and the procedure for
			 requesting a hearing on the disapproval.
Bd. of Accountancy, Art.
				6 §6, eff. 5-13-82-NAC A 2-6-87; 12-13-96; R094-01, 10-17-2001, eff.
				1-1-2002; R046-13, 12-23-2013;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.335, as amended by section 7
				  of Senate Bill No. 437, chapter 61, Statutes of Nevada 2023, at page 301,
				  NRS
				  628.375,
				  628.380
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.140 - Name of proprietorship, partnership, limited-liability company or professional corporation

Current through June 11, 2024
1. The name under
			 which a firm engages in the practice of public accounting may not be misleading
			 or deceptive or harmful to the profession.
2. The name of a firm is misleading or
			 deceptive if the name of the firm:
(a) Implies
			 the existence of a corporation, when the firm is not a corporation, by the use
			 of the abbreviations "P.C.," "Ltd." or similar abbreviations.
(b) Implies the existence of a partnership,
			 when the firm is not a partnership, by the use of a designation similar to
			 "Smith & Jones" or "C.P.A.'s."
(c) Implies the existence of a
			 limited-liability company, when the firm is not a limitedliability company, by
			 the use of the abbreviations "Ltd.," "L.L.C.," "LLC" or "LC."
(d) Includes the name of a proprietor,
			 partner, member or shareholder, without the written consent of the person first
			 being obtained by the firm and filed with the Board, who has:
(1) Withdrawn from the firm; or
(2) Terminated his or her employment other
			 than by retirement from public practice, Board-approved inactive status or by
			 death. The name of the proprietor, partner, member or shareholder must be
			 removed from the name of the firm within 120 days after the withdrawal or
			 termination.
(e) Implies
			 more than one principal, when there is only one shareholder, one member or one
			 proprietor, by the use of a designation similar to "Smith & Co.," "Smith
			 & Assoc." or "Smith Group."
(f)
			 Contains a misrepresentation of fact.
(g) Creates or is likely to create false or
			 unjustified expectation of favorable results.
(h) Includes the name of a person who is not
			 registered as a certified public accountant in any state or other jurisdiction
			 of the United States or a foreign country.
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.150 - Affiliations of proprietorships, partnerships, limited-liability companies and corporations

Current through June 11, 2024
Certified public accounting firms holding certificates of
				registration to practice as certified public accountants may affiliate with
				other partnerships, partnerships of partnerships, limited-liability companies
				or corporations for the practice of public accounting if all sole proprietors,
				partners, members or shareholders of the affiliated firms in the practice of
				public accounting in the United States or its territories are:
1. Certified public accountants in good
			 standing in some other state or territory of the United States;
2. Persons who are the holders of an
			 equivalent certificate then in effect issued by a foreign country who meet the
			 requirements set forth in subsection 2 of
			 NRS
			 628.310; or
3. Persons who meet the requirements set
			 forth in subsection 5 of
			 NRS
			 628.325.
Bd. of Accountancy, Art.
				6 §§2 & 3, eff. 5-13-82-NAC A 12-13-96; R169-99, 12-13-99;
				R046-13, 12-23-2013;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.160 - Transfer of interest in partnership, limited-liability company or corporation

Current through June 11, 2024
1. The personal
			 representative or estate of a practitioner who has died or become legally
			 incompetent or a practitioner who is disqualified from practicing public
			 accounting must sell his or her interest in a firm to the remaining owners or
			 to the legal entity not later than 6 months after the death or incompetency of
			 the practitioner or not later than 120 days after the practitioner becomes
			 disqualified.
2. All restrictions
			 on the ownership and transfer of the interest described in subsection 1 must be
			 set forth in the articles of incorporation or the bylaws of the corporation or
			 in the operating agreement or articles of organization of the limited-liability
			 company or partnership agreement.
Bd. of Accountancy, Art.
				6 §4, eff. 5-13-82-NAC A by R169-99, 12-13-99; R046-13, 12-23-2013; A by
				R117-15,
				eff. 4/4/2016
NRS
				  NRS 628.120
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.180 - Reports of corporations, limited-liability companies and partnerships

Current through June 11, 2024
1. A firm registered pursuant to NRS
			 NRS
			 628.335 shall, on or before January 31 of
			 each year, file with the Board an annual report on a form provided by the Board
			 reflecting its status and containing such information as the Board may
			 require.
2. Each firm shall notify
			 the Board within 30 days after any occurrence relating to the requirements of
			 the law and the regulations of the Board, including changes in officers,
			 directors, members, shareholders, proprietors and amendments to bylaws and
			 articles of incorporation.
Bd. of Accountancy, Art.
				6 § 7, eff. 5-13-82-NAC A 2-6-87; 5-18-94; 12-13-96; R046-13,
				12-23-2013
NRS
				  NRS 628.120
Nevada Administrative Code › Chapter 628 - Accountants › REGISTRATION OF FIRMS › Section 628.190 - Renewal of permit

Current through June 11, 2024
Every permit and registration must be renewed by payment of the
				prescribed renewal fee on or before January 31 of each year. After that time, a
				certificate holder or firm may not lawfully practice public accounting in this
				State until all delinquent fees and penalties have been paid.
Bd. of Accountancy, Art.
				5 § 1, eff. 5-13-82; R046-13, 12-23-2013
NRS
				  NRS 628.120,
				  628.380
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.210 - Prerequisites to renewal of permit; exemption; waiver

Current through June 11, 2024
1. Except as
			 otherwise provided in subsection 3 and NAC
			 628.110, an applicant for the
			 renewal of a permit to engage in the practice of public accounting must
			 complete at least 40 hours of continuing education each calendar year, of
			 which:
(a) Two hours must be in professional
			 ethics; and
(b) Eight hours must be
			 in courses that focus on accounting and auditing in each year in which the
			 applicant performed work on any audit, review, full disclosure compilation or
			 attestation services.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.220 - Standards for qualifying programs

Current through June 11, 2024
1. A program
			 qualifies as a program of continuing education if it:
(a) Is a formal program of learning which
			 contributes to a growth in professional knowledge and the competence of a
			 person engaged in the practice of public accounting; and
(b) Meets the minimum standards of quality of
			 development, presentation, measurement and the reporting of credits set forth
			 in the most current version of the
Statement on Standards for
			 Continuing Professional Education (CPE) Programs
published jointly by
			 the American Institute of CPAs and the National Association of State Boards of
			 Accountancy, which is hereby adopted by reference, or other educational
			 standards which may be established by the Board.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.230 - Acceptable programs and subjects

Current through June 11, 2024
1. Qualified
			 programs of continuing education dealing with the following general subjects
			 are acceptable:
(a) Accounting and
			 auditing;
(b) Taxation;
(c) Management;
(d) Computer science;
(e) Communication arts;
(f) Mathematics, statistics, probability and
			 quantitative applications in business;
(g) Economics;
(h) Business law;
(i) Functional fields of business, including
			 finance, production, marketing, personnel relations, and business management
			 and organization;
(j) Specialized
			 areas of industry, including the film industry, real estate and farming;
			 and
(k) Administrative practice,
			 including engagement letters and personnel.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.240 - Determination and allowance of credit

Current through June 11, 2024
1. For the purposes
			 of continuing education, 50 minutes of instruction equals one credit of
			 continuing education. Credit for continuing education may be earned in
			 increments of less than one credit.
2. Each semester hour of credit given for a
			 college course equals 15 hours. A quarter hour of credit equals 10
			 hours.
3. The amount of credit
			 allowed for correspondence programs and formal programs for independent study
			 or self-study, including taped programs, will be that amount which is
			 recommended by the sponsor of the program. Applicants claiming credit for
			 correspondence programs or formal programs for independent study or self-study
			 must obtain evidence of satisfactory completion of the course from the sponsor
			 of the program. Credit is allowed for the period of renewal in which the course
			 is completed.
4. The amount of
			 credit for continuing education allowed for independent study will be the
			 amount which is recommended by the sponsor of the program.
5. The Board may allow credit for continuing
			 education for the publication of an article or book written by a practitioner
			 if:
(a) A written evaluation of the article
			 or book is prepared by a person designated by the Board and submitted to the
			 Board for its review; and
(b) After
			 a review of the evaluation, the Board determines that the article or book
			 contributes to the professional knowledge and competence of the
			 practitioner.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.250 - Application for renewal of permit; maintenance of records; action by Board

Current through June 11, 2024
1. An applicant for the renewal of a permit
			 to engage in the practice of public accounting issued pursuant to NRS
			 NRS
			 628.380 must list on the application the
			 number of hours of continuing education completed by the applicant during the
			 previous calendar year. The applicant shall maintain a record of the classes of
			 continuing education completed by the applicant for 3 years after the applicant
			 files the application. The application must include, without limitation:
(a) The name of the sponsoring
			 organization;
(b) The location of
			 the program;
(c) The title of the
			 program or a description of its content;
(d) The dates attended; and
(e) The number of hours of credit claimed by
			 the applicant.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.430 - Complaints issued by Board; notice of hearing; examination of documents

Current through June 11, 2024
1. A complaint issued by the Board will
			 include:
(a) A short and plain statement of
			 the matters which are asserted or charged;
(b) References to any particular sections of
			 chapter 628 of NRS, the rules of professional conduct or the regulations of the
			 Board which are asserted to have been involved in the complaint; and
(c) A notice of hearing served pursuant to
			 subsection 2 of
			 NRS
			 628.410.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.440 - Conduct of hearing

Current through June 11, 2024
1. A hearing on a
			 complaint will be conducted by the Board or a member of the Board appointed by
			 the Board to serve as hearing officer.
2. The order of the proceedings is as
			 follows:
(a) Statements and evidence
			 supporting the complaint may be presented by the investigating officer, if any,
			 by a member of the Board designated for this purpose or by counsel.
(b) Statements and evidence may be presented
			 by the respondent, or in the case of a firm through a partner, officer,
			 director, member or shareholder, or by counsel, or by both.
(c) Rebuttal evidence in support of the
			 complaint may be presented.
(d)
			 Surrebuttal evidence of the respondent may be presented.
(e) Closing statements may be made.
(f) If the proceeding is conducted by a
			 member of the Board appointed by the Board to serve as hearing officer, the
			 hearing officer shall present his or her findings and recommendations to the
			 Board.
(g) The decision of the
			 Board will be rendered.
Nevada Administrative Code › Chapter 628 - Accountants › CONTINUING EDUCATION › Section 628.450 - Publication of decisions

Current through June 11, 2024
Decisions of the Board that result from a contested case will
				be made public. Decisions to dismiss a matter before the filing of a complaint
				pursuant to NAC 628.430 will not be made public, unless the respondent requests
				that this be done.
Bd. of Accountancy, Art.
				9 §6, eff. 5-13-82-Substituted in revision for NAC 628.280; A by
				R117-15,
				eff. 4/4/2016
NRS
				  NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › UNLAWFUL PRACTICE › Section 628.460 - Certificate and permit required

Current through June 11, 2024
1. A person may not
			 perform or offer to perform tax or management services while holding oneself
			 out to be a certified public accountant if the person does not hold a current
			 certificate and a live permit.
2.
			 For the purposes of this section, a person is considered to "hold himself or
			 herself out" as engaged in the practice of public accounting if the person
			 represents to persons other than his or her employer or an affiliate, but for
			 whom the person or the employer is performing or offering to perform services
			 described in NRS
			 628.023, that he or she is a certified public
			 accountant. Such representation occurs with any written or verbal communication
			 which represents the person to be a certified public accountant or other
			 similar title commonly understood to express expertise in accounting and
			 auditing. The display in a place where services are performed by a person for
			 others than himself or herself or his or her employer of a sign, certificate,
			 diploma or other device whereby the public may reasonably conclude that the
			 person is qualified and currently entitled to practice public accounting, when
			 such person does not hold a live permit, constitutes holding oneself out as
			 engaged in the practice of public accounting.
Bd. of Accountancy, Art.
				11, eff. 5-13-82-NAC A 2-6-87-Substituted in revision for NAC 628.300; A by
				R068-17AP,
				eff. 5/16/2018
NRS 628.120
Nevada Administrative Code › Chapter 628 - Accountants › STANDARDS OF PRACTICE › Section 628.500 - Adoption by reference of Code of Professional Conduct ; exceptions

Current through June 11, 2024
1. The Board hereby adopts by reference the
Code of Professional Conduct
adopted by the American Institute
			 of Certified Public Accountants, with the following exceptions:
(a) References to "member" are amended to
			 refer to "practitioner."
(b) The
			 definition of "financial statements" in paragraph. 17 of section 0.400 is
			 amended to read as follows:
(1) "Financial
			 statements" means:
(I) Any statements or
			 footnotes related thereto that purport to demonstrate the financial condition
			 of a person at a particular time or the change in a person's financial
			 condition during a particular period; or
(II) Any statements prepared using a cash or
			 other comprehensive basis of accounting.
(2) The term includes balance sheets,
			 statements of income, statements of retained earnings, statements of cash flows
			 and statements of changes in equity.
(3) The term does not include incidental
			 financial data that is included in reports concerning advisory services for
			 management made to support recommendations to a client, tax returns or
			 schedules in support of a tax return, or the statement, affidavit or signature
			 of the person who prepares a tax return.
(c) The definition of "public practice" in
			 paragraph .42 of section 0.400 is amended to have the meaning ascribed to the
			 definition of "practice of public accounting" in NRS
			 NRS
			 628.023.
(d) The disclosure required pursuant to
			 paragraph .03 of section 1.520.001 must:
(1)
			 Include the amount of the commission expressed in dollars or the method,
			 described in plain language, used to calculate the commission;
(2) Include the name of the person or entity
			 paying the commission;
(3) Be
			 written;
(4) Be made on or before
			 the date of referral or recommendation; and
(5) Be signed and dated.
(e) The statement, affidavit or signature of
			 the preparer of a tax return does not constitute an opinion on a financial
			 statement, and the preparer of the tax return is not required to make a
			 disclaimer of such an opinion.
(f)
			 The Board does not adopt by reference pursuant to this section Appendix B of
			 the
Code of Professional Conduct
.
Nevada Administrative Code › Chapter 628 - Accountants › STANDARDS OF PRACTICE › Section 628.510 - Applicability

Current through June 11, 2024
1. The provisions of this section and the
			 provisions adopted by reference pursuant to NAC 628.500 apply to all persons
			 who are engaged in the practice of public accounting in this State.
2. The provisions of this section and the
			 provisions adopted by reference pursuant to NAC 628.500 do not apply to a
			 practitioner who engages in the practice of public accounting outside this
			 State unless the practitioner's name is included in a financial statement and
			 the manner in which the statement is written would cause a reasonable person to
			 believe that the statement was prepared pursuant to the laws of this State or
			 under practice privileges granted pursuant to NRS
			 NRS
			 628.315 or
			 628.335.
3. A practitioner may be held responsible for
			 compliance with the provisions of this section and the provisions adopted by
			 reference pursuant to NAC 628.500 by all persons associated with him or her in
			 the practice of public accounting who are under the practitioner's supervision
			 or are the partners or shareholders of the practitioner.
4. A practitioner shall not permit another
			 person to perform on his or her behalf, with or without compensation, actions
			 which, if performed by the practitioner, would result in a violation of any of
			 the provisions adopted by reference pursuant to NAC 628.500.
Added to NAC by Bd. of
				Accountancy, eff. 12-13-96; R046-13, 12-23-2013
NRS
				  NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › STANDARDS OF PRACTICE › Section 628.520 - Reporting of certain occurrences to Board

Current through June 11, 2024
A practitioner or firm shall report to the Board not more than
				30 days after:
1. The practitioner or
			 firm receives a peer review or inspection report with identified
			 deficiencies.
2. The decision
			 against the practitioner or firm for the imposition of a disciplinary action,
			 including, without limitation, a censure, a reprimand, a sanction, probation, a
			 civil penalty, a fine, a consent decree, an order for the suspension,
			 revocation, modification, restriction or denial of a license, certificate,
			 permit or right to practice or the voluntary surrender, lapse, cancellation or
			 resignation of a license, certificate, permit or right to practice while under
			 investigation by:
(a) Any agency of another
			 state authorized to regulate the practice of accountancy in that state for any
			 cause except:
(1) The failure to pay by the
			 date due a fee for a license, certificate, permit or right to practice;
			 or
(2) The failure to comply with a
			 requirement for continuing education;
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.550 - Definitions

Current through June 11, 2024
As used in NAC
				628.550 to
				628.590, inclusive, unless the
				context otherwise requires, the words and terms defined in NAC
				628.555 to
				628.567, inclusive, have the
				meanings ascribed to them in those sections.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008; A by
				R068-17AP,
				eff. 5/16/2018;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.555 - "Evaluation" defined

Current through June 11, 2024
"Evaluation" means the process conducted pursuant to the
				practice-monitoring program established pursuant to NAC 628.550 to 628.590,
				inclusive, to ensure that a practitioner complies with the
Code of
				Professional Conduct
adopted by reference pursuant to NAC
				628.500.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008
NRS
				  NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.560 - "Practice-monitoring findings" defined

Current through June 11, 2024
"Practice-monitoring documents" means the documents,
				determinations and reports developed as the result of an evaluation of a
				practitioner conducted pursuant to a practice-monitoring program, including,
				without limitation:
1. An enrollment
			 letter which contains the date on which the peer review report of the
			 practitioner must be submitted to the sponsoring organization;
2. A peer review report;
3. A letter of comment;
4. A letter of response;
5. A letter of acceptance;
6. A letter of completion; and
7. Any other document, report or
			 determination developed as a result of the evaluation of a practitioner
			 conducted pursuant to a practice-monitoring program, including, without
			 limitation, a document which contains:
(a) The
			 date on which the most recent practice-monitoring program enrollment or
			 reenrollment letter was issued.
(b)
			 An affirmation that no audit, review, full disclosure compilation or
			 attestation report was issued by the practitioner in the immediately preceding
			 12 months.
(c) A date by which any
			 outstanding corrective action prescribed by a report acceptance body must be
			 completed by the practitioner.
(d)
			 A date relating to the completion of an evaluation, including, without
			 limitation:
(1) The date on which a peer
			 review was scheduled.
(2) The
			 estimated dates on which a peer review will be conducted.
(3) The estimated date by which the
			 sponsoring organization will present the peer review report to a report
			 acceptance body.
(4) The revised
			 date on which the practitioner must submit practice-monitoring documents to the
			 sponsoring organization, if an extension has been granted.
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.565 - "Practice-monitoring program" defined

Current through June 11, 2024
"Practice-monitoring program" means a program to monitor the
				quality of financial reporting of a practitioner conducted pursuant to NAC
				628.550 to 628.590, inclusive.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008
NRS
				  NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.567 - "Sponsoring organization" defined

Current through June 11, 2024
"Sponsoring organization" means an entity which administers a
				practice-monitoring program.
Added to NAC
				by Bd. of Accountancy by
				R068-17AP,
				eff. 5/16/2018
NRS 628.120,
				  628.170,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.570 - "Transmittal form" defined (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008;	R
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.572 - Peer review oversight committee: Establishment; composition and qualifications of members; powers and duties; confidentiality of information obtained during oversight activities

Current through June 11, 2024
1. The Board may
			 establish a peer review oversight committee to:
(a) Monitor a sponsoring organization and any
			 practice-monitoring program administered by the sponsoring organization to
			 ensure that peer reviews are being conducted and reported in accordance with
			 peer review minimum standards;
(b)
			 Review the policies and procedures of an organization applying to the Board to
			 become a sponsoring organization to ensure that such policies and procedures
			 conform with peer review minimum standards; and
(c) Report to the Board any conclusions or
			 recommendations based on the functions performed pursuant to paragraphs (a) and
			 (b).
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.573 - Regional peer review oversight committee: Participation by Board; functions

Current through June 11, 2024
The Board may arrange to participate with a regional peer
				review oversight committee. If the Board makes such arrangements, the regional
				peer review oversight committee has the authority and shall perform the
				functions set forth in subsections 2, 3 and 4 of NAC
				628.572.
Added to NAC
				by Bd. of Accountancy by
				R068-17AP,
				eff. 5/16/2018;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.170,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.575 - Cycle for review of reports; notification of practitioners

Current through June 11, 2024
1. The Board will review the reports
			 submitted by practitioners pursuant to NAC
			 628.550 to
			 628.590, inclusive, to determine
			 whether the practitioners have complied with applicable standards of reporting
			 on a 3-year cycle and will assign one-third of the practitioners who hold a
			 live permit or current certificate in this State to each year of the
			 cycle.
2. Each calendar year, the
			 Board will notify each practitioner who is required for that year to submit to
			 the Board a copy of the practice-monitoring documents.
3. The 3-year cycle established pursuant to
			 this section does not affect the requirements for the annual renewal of office
			 registrations or permits contained in
			 NRS
			 628.370 and
			 628.380.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008; R046-13, 12-23-2013; A by
				R068-17AP,
				eff. 5/16/2018;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.580 - Participation in program; submission and verification of practice-monitoring findings; exempt practitioners

Current through June 11, 2024
1. Except as
			 otherwise provided in subsection 4, a practitioner who performs audit, review,
			 full disclosure compilation or attestation services shall enroll in a
			 practicemonitoring program, which is approved by the Board, to ensure that he
			 or she is maintaining the standards of the profession.
2. If a practitioner enrolls in a
			 practice-monitoring program, the practitioner shall submit to the Board the
			 practice-monitoring documents of the practice-monitoring program within 30 days
			 of the issuance of the practicemonitoring documents. The Board may extend the
			 deadline for the submission of practice-monitoring documents to the Board by a
			 practitioner.
3. The Board may
			 verify the validity of the determinations in the practice-monitoring documents
			 submitted by the practitioner. The Board may request from the practitioner any
			 document or information necessary to further the verification of the validity
			 of the practicemonitoring process or findings. The failure of a practitioner to
			 provide any document or information requested by the Board pursuant to this
			 subsection constitutes grounds for disciplinary action.
4. A practitioner who does not perform audit,
			 review, full disclosure compilation or attestation services shall report these
			 facts to the Board. If a practitioner enters into an engagement to perform
			 audit, review, full disclosure compilation or attestation services, the
			 practitioner must notify the Board not more than 60 days after the date of
			 entering into such engagement and must enroll in a practice-monitoring program
			 not more than 18 months after the date upon which he or she enters into the
			 engagement.
5. A practitioner who
			 enrolls in a practice-monitoring program must authorize the sponsoring
			 organization to grant the Board access to practice-monitoring documents through
			 the Facilitated State Board Access used by the American Institute of Certified
			 Public Accountants, or other secure national uniform system approved by the
			 Board.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008; R046-13, 12-23-2013; A by
				R117-15,
				eff. 4/4/2016; A by
				R068-17AP,
				eff. 5/16/2018;	A
				by
				R034-23A,
				eff. 12/15/2023
NRS 628.120,
				  628.160,
				  628.386
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.585 - Deficient or marginal practice-monitoring findings; refusal to comply with practice-monitoring findings

Current through June 11, 2024
1. If the Board
			 determines that the practice-monitoring documents submitted by a practitioner
			 are deficient or marginal with respect to any applicable professional standard,
			 the Board may require the practitioner to:
(a)
			 Correct any deficiency within a specific period;
(b) Provide a plan to ensure that a similar
			 occurrence will not occur;
(c)
			 Submit to the Board practice-monitoring documents more frequently than the
			 practitioner was scheduled to submit such documents to the Board;
(d) Complete successfully continuing
			 education that is specified by the Board;
(e) Maintain a library of reference material;
			 or
(f) Submit to the Board, or its
			 designated representative, the reports developed as a result of the
			 practitioner's engaging in audit, review, full disclosure compilation or
			 attestation services, for review by the Board at the expense of the
			 practitioner, before such reports are provided to the clients of the
			 practitioner.
Nevada Administrative Code › Chapter 628 - Accountants › PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING › Section 628.590 - Confidentiality; destruction of documentation

Current through June 11, 2024
1. Any
			 practice-monitoring document or other documentation submitted to the Board
			 pursuant to NAC
			 628.550 to 628.590, inclusive,
			 and sections 2, 3 and 4 of this regulation is confidential.
2. Any action taken by the Board pursuant to
			 NAC 628.550 to 628.590, inclusive,
			 and sections 2, 3 and 4 of this regulation which does not result in the Board's
			 initiating disciplinary action against a practitioner pursuant to
			 NRS
			 628.390 is confidential.
Added to NAC by Bd. of
				Accountancy by R056-05, 11-17-2005, eff. 1-1-2008; A by
				R117-15,
				eff. 4/4/2016; A by
				R068-17AP,
				eff. 5/16/2018
NRS 628.120,
				628.160,
				628.386
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.850 - Definitions

Current through June 11, 2024
As used in NAC 628.850 to 628.975, inclusive, and sections 2 to
				5, inclusive, unless the context otherwise requires, the words and terms
				defined in NAC
				628.855 to
				628.875, inclusive, have the
				meanings ascribed to them in those sections.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016; A by
				R007-20A,
				eff. 5/21/2020
NRS
				628.120
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.855 - "Contested case" defined

Current through June 11, 2024
1. "Contested case"
			 and "case" have the meaning ascribed to "contested case" in
			 NRS
			 233B.032.
2. A final decision of the Board approving or
			 denying an application for issuance or renewal of a license is not a contested
			 case for the purposes of this chapter.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.860 - "License" defined

Current through June 11, 2024
"License" means any license, certificate, registration, permit
				or similar type of authorization issued by the Board.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.865 - "Licensee" defined

Current through June 11, 2024
"Licensee" means a person who holds any license, certificate,
				registration, permit or similar type of authorization issued by the
				Board.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.870 - "Prosecutor" defined

Current through June 11, 2024
"Prosecutor" means:
1.
			 The Attorney General or a deputy attorney general who prosecutes a contested
			 case pursuant to this chapter;
2.
			 If the Attorney General and the deputies of the Attorney General are
			 disqualified to act in such a matter, an attorney appointed by the Attorney
			 General to prosecute a contested case pursuant to this chapter; or
3. If the Board is authorized to employ or
			 retain attorneys other than the Attorney General and the deputies of the
			 Attorney General, an attorney employed or retained by the Board to prosecute a
			 contested case pursuant to this chapter.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.875 - "Records" defined

Current through June 11, 2024
"Records" has the meaning ascribed to it in
				NRS
				622A.080.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.880 - "Conduct discreditable to the profession of public accounting or which reflects adversely upon the fitness of the person to engage in the practice of public accounting" interpreted

Current through June 11, 2024
The Board will interpret the term "conduct discreditable to the
				profession of public accounting or which reflects adversely upon the fitness of
				the person to engage in the practice of public accounting" as used in paragraph
				(j) of subsection 1 of
				NRS
				628.390 to include, without
				limitation:
1. Failure by a licensee
			 to provide information or documents to the Board, its staff or its
			 investigators upon a reasonable request in the course of an investigation or
			 prosecution of an administrative matter;
2. Failure by a licensee to comply with a
			 subpoena from the Board;
3. Failure
			 to abide by or comply with an order of the Board; and
4. Making a false statement to the Board, its
			 staff or its investigators in the course of an investigation or prosecution of
			 an administrative matter.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.885 - "Suspension, revocation or placing on probation of the right to practice before any state or federal agency" interpreted

Current through June 11, 2024
The Board will interpret the term "suspension, revocation or
				placing on probation of the right to practice before any state or federal
				agency" as used in paragraph (h) of subsection 1 of
				NRS
				628.390 to include any surrender of a license
				while the licensee is under investigation or has been charged with any
				violation in a disciplinary or administrative matter.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.890 - Election of Board to follow provisions of NRS 622A.150

Current through June 11, 2024
Pursuant to subsection 2 of
				NRS
				622A.120, the Board elects to follow the
				provisions of
				NRS
				622A.150.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS
				  622A.120,
				  628.120,
				  628.160
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.892 - Licensure: Authority of Board to delegate approval or denial of application; approval or denial subject to ratification by Board

Current through June 11, 2024
The Board may delegate the approval or denial of an application
				for a license to the Board's staff or a committee of members of the Board. Any
				such approval or denial is subject to ratification by the Board at the next
				meeting of the Board after the date of the approval or denial, as
				applicable.
Added to NAC
				by Bd. of Accountancy by
				R007-20A,
				eff. 6/8/2020
NRS
				628.120
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.893 - Licensure: Petition for review of criminal history to determine if person disqualified from obtaining license

Current through June 11, 2024
1. A person with a
			 criminal history may petition the Board to review the criminal history of the
			 person to determine if the person's criminal history will disqualify the person
			 from obtaining a license from the Board. Any such person must submit to the
			 Board his or her criminal history record which includes a report from:
(a) The Central Repository for Nevada Records
			 of Criminal History; and
(b) The
			 Federal Bureau of Investigation.
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.895 - Complaints issued by Board; requirements for notice of hearing; examination of documents; service of certain documents

Current through June 11, 2024
1. A complaint
			 issued by the Board will include:
(a) A short
			 and plain statement of the matters which are asserted or charged;
(b) References to any particular sections of
			 chapter 628 of NRS, the rules of professional conduct or the regulations of the
			 Board which are asserted to have been involved in the complaint; and
(c) A notice of hearing served pursuant to
			 subsection 2 of
			 NRS
			 628.410.
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.900 - Conduct of hearing

Current through June 11, 2024
1. A hearing on a
			 complaint will be conducted by the Board or a member of the Board appointed by
			 the Board to serve as hearing officer.
2. The order of the proceedings is as
			 follows:
(a) Statements and evidence
			 supporting the complaint may be presented by the investigating officer, if any,
			 by a member of the Board designated for this purpose or by counsel.
(b) Statements and evidence may be presented
			 by the respondent, or in the case of a firm through a partner, officer,
			 director, member or shareholder, or by counsel, or by both.
(c) Rebuttal evidence in support of the
			 complaint may be presented.
(d)
			 Surrebuttal evidence of the respondent may be presented.
(e) Closing statements may be made.
(f) If the proceeding is conducted by a
			 member of the Board appointed by the Board to serve as hearing officer, the
			 hearing officer shall present his or her findings and recommendations to the
			 Board.
(g) The decision of the
			 Board will be rendered.
Nevada Administrative Code › Chapter 628 - Accountants › PRACTICE BEFORE THE BOARD › Section 628.905 - Rules of procedure and evidence; burden of proof

Current through June 11, 2024
1. Except as otherwise provided in this
			 chapter or chapter 628 of NRS, the Board or a hearing panel or officer is not
			 bound by strict rules of procedure or rules of evidence when conducting a
			 hearing, except that evidence must be taken and considered in the hearing
			 pursuant to
			 NRS 233B.123.
2. In all disciplinary proceedings, the party
			 that bears the burden of proof for a particular proposition must prove that
			 proposition by a preponderance of the evidence.
Added to NAC
				by Bd. of Accountancy by
				R117-15,
				eff. 4/4/2016
NRS 628.120,
				  628.160