NAC628.520. Reporting of certain occurrences to Board.

A practitioner shall report to the Board, on a form prescribed by the Board, not more than 45 days after:

     1. The practitioner receives an adverse peer review or inspection report.

     2. The practitioner receives the second of two consecutive modified peer reviews or inspection reports.

     3. The decision against the practitioner for the imposition of a disciplinary action, including, without limitation, a censure, a reprimand, a sanction, probation, a civil penalty, a fine, a consent decree or an order for the suspension, revocation or modification of a license, certificate, permit or right to practice by:

     (a) The Securities and Exchange Commission;

     (b) The Internal Revenue Service;

     (c) Any agency of another state authorized to regulate the practice of accountancy in that state for any cause except:

          (1) The failure to pay by the date due a fee for a license, certificate, permit or right to practice; or

          (2) The failure to comply with a requirement for continuing education;

     (d) Any other federal or state agency for conduct of the practitioner relating to the provision of professional services; or

     (e) Any agency of this State, another state or territory, or any agency of the Federal Government authorized to regulate taxes, insurance or securities.

     4. Except as otherwise provided in this subsection, any award or judgment of $150,000 or more against the practitioner for a claim of or action for gross negligence, violation of a specific standard of practice, fraud or misappropriation of money in the practice of accounting. If the practitioner is a firm of certified public accountants, the practitioner shall notify the Board, pursuant to this subsection, only of an award or judgment involving the practice of public accounting in this State.

     5. The practitioner is charged with, is convicted of or pleads nolo contendere to, or has an order of deferred prosecution entered in a case involving the practitioner for:

     (a) A felony under the laws of any state or of the United States; or

     (b) A crime, an element of which is dishonesty or fraud, under the laws of any state or of the United States.

     (Added to NAC by Bd. of Accountancy by R056-05, eff. 11-17-2005)