NAC628.0668. Experience as agent of Internal Revenue Service: Educational requirements.

     1. To comply with the requirements set forth in paragraph (c) of subsection 1 of NAC 628.066, an applicant must complete at least 152 hours of credit in the following subject areas:

Subject Area	Hours of Credit
Professional Training for Public Accountants - Level I................................	24
(Staff Training - Basic)
Designing Audit Programs for Small Business Engagements.......................	8
Professional Training for Public Accountants - Level II...............................	24
(Staff Training - Semi-Senior)
Audits of Small Businesses: Applying Selected           Statements on Auditing Standards (SAS)...............................................	8
Financial Accounting Standards Board-Accounting           Principles Board Review (FASB-APB)...................................................	16
Professional Training for Public Accountants - Level III.............................	24
(Staff Training - Beginning In-Charge)
Preparing Financial Statements.....................................................................	8
Standards for Compilation and Review Services.........................................	8
Financial Statement Disclosures....................................................................	16
Internal Control: The Auditor’s Responsibilities..........................................	8
Audit Risk and Materiality...........................................................................	8

     2. The number of hours of credit designated for each subject area listed in subsection 1 is the minimum number of hours required for that subject area.

     3. An applicant may take more than one course in any subject area.

     4. An applicant is entitled to receive credit for any course he or she completes in the program, regardless of the title of the course, if the content of the course is within one of the subject areas listed in subsection 1.

     5. An applicant may complete the requirements of the three levels of professional training described in subsection 1 by completing internal courses which have been previously approved by the Board as being substantially the equivalent of the three levels of professional training described in subsection 1.

     (Added to NAC by Bd. of Accountancy, eff. 7-6-92; A 5-18-94; 12-13-96)