NAC628.040. Examinations: Format; passing grades; conditional credit; reexamination.  


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  •      1. On or after January 1, 2004, the examination will be conducted on a computer. The passing grade for each section of the examination is 75.

         2. Except as otherwise provided in this section, an applicant who at one sitting receives a passing grade on any section of the examination is entitled to receive conditional credit for each section passed. Any conditional credit granted pursuant to this section expires if all unpassed sections of the examination have not been completed within 18 months after the applicant passes a section of the examination. An applicant may not be reexamined on any section for which he or she did not receive a passing grade during the calendar quarter in which he or she failed to receive a passing grade for that section.

         3. An applicant who receives conditional credit before January 1, 2004:

         (a) Is entitled to receive conditional credit for the corresponding section of the examination conducted on or after January 1, 2004.

         (b) May take the examination conducted on or after January 1, 2004, as many times as the applicant would have been entitled to take the examination conducted before January 1, 2004.

         (c) And fails to pass the remaining sections of the examination within the number of examinations authorized for an applicant before January 1, 2004:

              (1) Forfeits any conditional credit he or she received for any section of the examination he or she passed before January 1, 2004; and

              (2) Does not forfeit any conditional credit he or she received for any section passed on the examination conducted on or after January 1, 2004.

     [Bd. of Accountancy, Art. 2 §§ 4 & 5, eff. 5-13-82]—(NAC A 2-6-87; 7-6-92; 5-18-94; R169-99, 12-13-99; R075-03, 10-28-2003, eff. 1-1-2004)