Following the Board's workshops and public hearings on the proposed changes to the regulations in connection with the experience required for CPA Licensure, on June 13, 2013, the Board approved the proposed language along with some minor changes for clarification to the wording. The Board would like to extend its appreciation to everyone that was involved in the process and for taking time to provide either written or oral comments.
The regulation changes will become effective July 1, 2013. The Board is in the process of finalizing the new experience form and will be posting the form to its website next week along with the final version of the language.
For individuals that will be seeking CPA license approval at the Board's next meeting, following documents will be required by the deadline date of July 5, 2013.
Application for CPA Licensure, Licensure Fee of $250, Fingerprint Cards, Moral Character References, Completion of an Ethics Examination and the Experience Form.
If you have any questions in connection with the above, please do not hesitate to contact the Board office at (775) 786-0231 or firstname.lastname@example.org
The Nevada State Board of Accountancy ("Board") will be holding the following workshop and public hearing:
Thursday, May 16, 2013
Snell & Wilmer, LLP
3883 Howard Hughes Pkwy #1100
Las Vegas NV 89169
Friday, May 24, 2013
First Independent Bank, 2nd Floor
5335 Kietzke Lane
Reno NV 89511
The purpose of the workshop and the hearing are to receive comments from the accounting profession and all interested persons regarding the adoption, amendment and repeal of regulations that pertain to Chapter 628 of the Nevada Administrative Code.
The following is provided pursuant to the requirements of NRS 233B.060:
Statement of need and purpose:
The Board is required by NRS 628.200(3) to adopt regulations concerning the public accounting experience, internal auditing work, and governmental accounting and auditing work required by an applicant for a certificate of certified public accountant. The proposed regulation amends and updates the experience requirements for certification of a certified public accountant.
Terms of the proposed regulations:
The proposed regulation amends the public accounting experience requirements, internal auditing work, and governmental accounting and auditing work required for a certificate of certified public accountant; amends the continuing professional education requirements for licensees performing attest work for a non-governmental agency or a governmental agency; and provides for other matters properly relating thereto. A copy of the proposed regulation, which adopts, amends and repeals provisions of the current regulations can be downloaded at http://www.nvaccountancy.com/temporary-regulations-2013.pdf. It can also be obtained by contacting the Board office at (775) 786-0231 or email email@example.com.
Estimated Economic Effect: (a) There are no known adverse economic effects of the proposed regulation on the accounting profession and the public. The beneficial effects are that the use of skills in accounting or auditing, finance, advising or consulting on matters relating to management, and the preparation and furnishing of advice relating to taxes will qualify as public accounting experience for certification.
(b) There are no known immediate or long-terms economic effects of the proposed regulation on the accounting profession and the public.
Estimated Cost to Agency:
There will be no cost incurred by the Board for the enforcement of the proposed regulation.
Overlap or Duplication of Regulations:
The proposed regulation does not overlap or duplicate the regulations of any other state or local governmental agencies or any regulating federal agency.
The proposed regulation is not required by federal law.
More Stringent than Federal Regulation:
The proposed regulation is not more stringent than a federal regulation that regulates the same activity.
New or Increased Fee:
The proposed regulation does not establish new fees and does not increase existing fees.
Comments & Written Submissions
Persons wishing to comment upon the proposed action of the Board may appear at the scheduled workshop or public hearing or may address their comments, data, views, or arguments in written form to:
Written submissions must be received by the Board by May 8, 2013 at least fifteen days before the scheduled public hearing. If no person who is directly affected by the proposed action appears to request time to make an oral presentation, the Board may proceed immediately to act upon any written submissions.
Copies of Proposed Regulation
A copy of this notice and the regulation to be adopted, amended, and repealed will be on file at the State Library, 100 Stewart Street, Carson City, Nevada, for inspection by members of the public during business hours. Additional copies of the notice and the regulation to be adopted, amended, and repealed will be available at the Board office (see above) and in all counties in which an office of the Board is not maintained, at the main public library, for inspection and copying by members of the public during business hours. The text of each regulation will include the entire text of any section of the Nevada Administrative Code which is proposed for amendment or repeal. This notice and the text of the proposed regulation are also available in the State of Nevada Register of Administrative Regulations which is prepared and published monthly by the Legislative Counsel Bureau pursuant to NRS 233B.0653, and on the internet at http://www.leg.state.nv.us. Copies of this notice and the proposed regulation will also be mailed to members of the public upon request. A reasonable fee may be charged for copies if it is deemed necessary.
Upon adoption of any regulation, the Board, if requested to do so by an interested person, either before adoption or within 30 days thereafter, will issue a concise statement of the principal reasons for and against its adoption and incorporate therein its reason for overruling the consideration urged against its adoption.
This notice of hearing has been posted at the following locations and is available for viewing at:
Clark County Court House - Las Vegas
Las Vegas City Hall - Las Vegas
Washoe County Court House - Reno
Washoe County Library - Reno