Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter628 Accountants |
PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING |
NAC628.575. Cycle for review of reports; notification of practitioners.
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1. The Board will review the reports submitted by practitioners pursuant to NAC 628.550 to 628.590, inclusive, to determine whether the practitioners have complied with applicable standards of reporting on a 3-year cycle and will assign one-third of the practitioners in this State to each year of the cycle.
2. During the month of April of each calendar year, the Board will notify each practitioner who is required for that year to submit to the Board a copy of the practice-monitoring findings or a transmittal form indicating that no audit, review, full disclosure compilation or attestation reports were issued by the practitioner in the previous year.
3. The 3-year cycle established pursuant to this section does not affect the requirements for the annual renewal of office registrations or permits contained in NRS 628.370 and 628.380.
(Added to NAC by Bd. of Accountancy by R056-05, 11-17-2005, eff. 1-1-2008)