NAC116.461. Review of financial statements; qualifications of auditor.

Latest version.

     1. The review of the financial statements of an association must be performed in accordance with the Guide. The financial statements must include a full presentation of accrual-basis accounting prepared pursuant to subsection 1 of NAC 116.457. The supplementary information may be compiled or reviewed.

     2. An auditor performing the annual review for an association must:

     (a) Be a certified public accountant licensed pursuant to chapter 628 of NRS.

     (b) Be independent of the association as set forth in the Guide.

(Added to NAC by Comm’n for Common-Interest Communities by R205-05, eff. 9-18-2006; A by Comm’n for Common-Interest Communities & Condo. Hotels by R186-07, 5-5-2011)

                    
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