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 Nevada Administrative Code (Last Updated: January 6, 2015)
 Chapter624 Contractors
  LICENSES

  NAC624.593. Financial statement.  

Latest version.
  • If a licensee or an applicant for a contractor’s license is required to submit a financial statement to the Board pursuant to NRS 624.262, 624.263 or 624.264, the financial statement must be:

         1. If the requested monetary limit of the license is $10,000 or less:

         (a) Prepared by an independent certified public accountant;

         (b) Submitted on a form prescribed by the Board and accompanied by an affidavit that verifies the accuracy of the financial statement; or

         (c) Prepared using accounting software in accordance with generally accepted accounting principles and accompanied by an affidavit that verifies the accuracy of the financial statement.

         2. If the requested monetary limit of the license is more than $10,000 but less than $50,000:

         (a) Prepared and compiled by an independent certified public accountant within 6 months before the filing of the application; or

         (b) Prepared and reviewed or audited by an independent certified public accountant within 1 year before the filing of the application.

         3. If the requested monetary limit of the license is $50,000 or more but less than $250,000:

         (a) Prepared and compiled by an independent certified public accountant with full disclosures within 6 months before the filing of the application; or

         (b) Prepared and reviewed or audited by an independent certified public accountant within 1 year before the filing of the application.

         4. If the requested monetary limit of the license is $250,000 or more, prepared and reviewed or audited by an independent certified public accountant within 1 year before the filing of the application.

     (Added to NAC by Contractors’ Bd. by R058-09, eff. 6-30-2010)