NAC628.018. Definitions.

As used in NAC 628.018 to 628.110, inclusive, unless the context otherwise requires:

     1. “Qualified audit hour” means:

     (a) An hour spent performing an operational audit, financial audit, compliance audit, management audit or any other audit; or

     (b) For determining the internal audit experience or governmental experience of an applicant for a certificate of certified public accountant, an hour spent performing an audit which is substantially similar to audits required in the practice of public accounting.

Ê The term does not include an hour spent performing work typically performed by a controllership or assisting an independent auditor in preparing schedules.

     2. “Qualified internal audit department” means an audit department which complies with the requirements set forth in NAC 628.0624.

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