Existing law provides for the regulation of accountants in this State by the Nevada State Board of Accountancy. (Chapter 628 of NRS) Existing law sets forth certain requirements relating to the education and work experience required for a person to be issued a certificate of certified public accountant. (NRS 628.200) Section 2 of this bill eliminates those requirements and instead requires the Board to prescribe by regulation the requirements and standards for education and work experience which the Board deems appropriate for the issuance of a certificate of certified public accountant. Section 2 sets forth certain requirements for those regulations. Section 5 of this bill makes a conforming change to reflect the elimination of the requirements for education and work experience in section 2 and the authority of the Board to adopt such requirements by regulation. With certain exceptions, existing law requires the Board to grant a certificate of certified public accountant to a person who satisfies certain requirements for education, work experience and passing an examination as set forth in statute. (NRS 628.190) Section 1 of this bill revises these provisions to require the Board, with certain exceptions, to grant such a certificate to a person who: (1) complies with the requirements and standards of education and work experience prescribed in regulations adopted by the Board; and (2) has passed all sections of the examination prescribed by the Board in accordance with the terms and conditions prescribed in any regulations adopted by the Board. Section 1 also provides that an applicant for such a certificate is subject to the educational requirements to receive a certificate that were in effect on the date on which the applicant passed all sections of the examination prescribed in the regulations of the Board. Existing law authorizes the Board to establish a fee for the evaluation of the experience of a candidate for a certificate of certified public accountant. (NRS 628.250) Section 3 of this bill eliminates the authority of the Board to establish such a fee. Existing law authorizes the Board to prescribe by regulation the terms and conditions under which a candidate for a certificate of certified public accountant: (1) may receive conditional credit for passing at least one section, but not all sections, of the examination required to qualify for the certificate; and (2) need not sit for reexamination in sections which the candidate has passed and for which he or she has received conditional credit. Existing law also authorizes the Board to provide by regulation a limit on the time in which a candidate must pass all sections of the examination or lose any credit received. (NRS 628.260) Section 4 of this bill clarifies the authority of the Board with respect to the establishment of terms and conditions concerning the passage of the required examination by specifying that the regulations of the Board may, but are not required, to: (1) authorize a candidate who has not passed all sections of the examination to receive credit for any section of the examination passed without being required to sit for reexamination of those sections; and (2) provide a limit on the time in which a candidate must pass all sections of the examination or lose any such credit received. Existing law requires the Board to adopt regulations that prescribe a fee for registering a fictitious name with the Board. (NRS 628.375) Section 6 of this bill removes this requirement and instead authorizes the Board to establish such a fee.

Statutes affected:
As Introduced: 628.190, 628.200, 628.250, 628.260, 628.310, 628.375
BDR: 628.190, 628.200, 628.250, 628.260, 628.310, 628.375