The Nevada State Board of Accountancy amended the requirement for continuing education. The amendment was made during regulation changes under R008-22 with an effective date of January 1, 2024.
The following is a summary of the changes that have been made to the CPE requirements:
All licensed CPAs must complete 40 hours of continuing education each calendar year. Included in the 40 hours you must complete 2 hours in ethics.
The rolling 80 hours over a two-year period will be removed. The CPE required will be based on an annual year requirement.
Note: All CPE must be completed by the end of the calendar year on December 31st. There is no carryover or carry forward hours. Hours will stay in the year in which they are completed.
ACCOUNTING & AUDITING
The Board requires Accounting and Auditing continuing education for license renewal. If you participated in any audit, review, full disclosure compilation or attestation in the past 12 months
you will be required to complete 8 hours in CPE that focuses on accounting and auditing.
You will be asked on your renewal form if you have participated in this type of engagement and if so have you completed the 8 hours of CPE.
ETHICS REQUIRED FOR LICENSE RENEWAL
A practitioner must obtain two (2) continuing education hours in the area of professional ethics. The practitioner must obtain a two hour ethics course every year..
The Board will not require a specific ethics course, and the course may be taken through live seminar or self/independent study. The following is a brief list of ethics courses that are offered. You can also find a more extensive list of courses and providers by visiting the http://cpemarket.nasbatools.com/index and entering ethics into the search field.
CONTINUING EDUCATION ALLOWABLE:
It is the licensees responsibility for documenting the acceptability of the program and validity of the credits. Please refer to NAC 628-210 - 628.250 for information regarding acceptable course subject areas.
Educational Programs Attended:
Credit Courses - Each semester hour credit equals 15 hours toward the requirement. Each quarter hour credit equals 10 hours toward the requirement. Non-Credit Courses - Each classroom hour equals one hour toward the requirement.
Formal Correspondence Or Individual Study Programs:
Credit may be claimed for formal correspondence and self-study programs meeting all the requirements of the continuing education regulations. Credit may be claimed only for courses completed within the calendar year. The column "Dates Attended" on the back of the form should reflect the date on the completion certificate provided by the sponsor of the program.
Speaker, Discussion Leader Or Instructor:
Actual preparation time is allowable up to double the presentation time. For example, a total of three hours is allowable for a presentation qualifying for one hour of in-class credit.