NAC360.728. Periodic conduct of audits by Department; qualifications of employees conducting audits.

     1. The Department shall periodically conduct performance audits of selected books, accounts and other records of responsible county officers in each county to determine any one or combination of the following:

     (a) Whether the appraisals of the county assessor comply with all applicable laws and regulations governing the assessment of property taxes.

     (b) Whether any county procedures relating to the preparation of the assessment roll or the collection of property taxes, including, without limitation, any procedures for the assessment of property, claiming or determining tax exemptions, billing for taxes, enforcing the payment of taxes, the redemption or sale of property, or the apportionment of tax proceeds, comply with all applicable laws and regulations governing such procedures.

     (c) The honesty and integrity of fiscal affairs, the accuracy and reliability of information and reports, and the effectiveness of the system of management controls of the auditee relating to the preparation of the assessment roll and the collection of property taxes.

     (d) Whether control by management and the system of information provide an adequate system of records and accounting relating to the preparation of the assessment roll and the collection of property taxes.

     2. Each employee of the Department who conducts a performance audit to determine whether the appraisals of a county assessor comply with all applicable laws and regulations governing the assessment of property taxes must be knowledgeable about the principles and concepts of the appraisal of property.

     (Added to NAC by Tax Comm’n by R039-10, eff. 8-13-2010)