NASBA and the AICPA offer an online tool to help inform and promote mobility. This tool is designed to provide helpful information on the state of mobility laws across the 55 U.S. states and jurisdictions. Quickly determine your licensing and registration requirements within just a few clicks.
Through the nationwide effort to implement Practice Privileges within each state, Nevada became the 40th state to pass mobility during the 2009 Legislative Session.
Effective July 1, 2009, the Nevada State Board of Accountancy will allow out of state licensed individuals and/or firms whose principal place of business is outside of Nevada, to enter the state to perform work under the Practice Privilege (Mobility) provisions.
Registration NOT Required: An individual CPA, with a valid license in another state, can enter this state, perform certain services and utilize the CPA designation without having to obtain a license or permit. (See Practice Privilege section below for detailed information).
Registration IS Required: An out of state firm or sole practitioner that provides attest services to a client having its home office in the State of Nevada. (See below for out of state information and definitions).
PRACTICE PRIVILEGE INFORMATION
A person who holds a valid license as a CPA from any state is granted practice privileges in Nevada and will be considered a CPA for all purposes under the laws of Nevada pertaining to practice privileges. The CPA with practice privilege is not considered licensed as provided within the Nevada Board’s licensing laws. The individual is NOT required to obtain a license or a permit unless certain services are performed that would require out of state registration.
In addition, individual CPA registration is NOT required if the CPA is employed by a firm or sole proprietorship that requires registration. Only the firm would obtain the out of state registration based on the out of state registration information below.
As a condition of the practice privilege, the person and/or firm who employ such a person shall both consent to the following:
The personal and subject matter jurisdiction, and disciplinary authority, of the Nevada Board.
Compliance with the provisions of Nevada statutes and regulations as approved by the Board.
In the event the license/certificate from the state of the individual’s principal place of business is no longer valid, the individual shall cease offering or rendering professional
services in Nevada both individually and on behalf of a firm or sole proprietorship.
The appointment of the state board which issued the individual or firm license as the agent upon whom process may be served in any investigation, action or proceeding by the Nevada Board against the licensed individual or firm.
REGISTRATION REQUIRED FOR CERTAIN ENGAGEMENTS
Out of State Registration is required only if ATTEST services are performed for a client whose home office is in Nevada.
Attest Defined: Attest, attesting and attestation mean the issuance of opinions, reports or other documents which state or imply assurance of the reliability of information when the opinions, reports or other documents are accompanied by or contain any name, title or wording which indicates that the person or other entity which has issued them is an accountant or auditor, or has expert knowledge in accounting or auditing. The terms include any disclaimer of an opinion when the disclaimer is in a form which is understood to imply any positive assurance of the reliability of the information and expertise on the part of the person making the disclaimer.
Attest engagements would also include the following:
Any audit or other engagement to be performed in accordance with the Statements on Auditing Standards (SAS);
Any review of a financial statement to be performed in accordance with the Statements on Standards for Accounting and Review Services (SSARS);
Any examination of prospective financial information to be performed in accordance with the Statements on Standards for Attestation Engagements (SSAE) which include forecasts,
projections, budgets whether compiled or audited, agreed upon procedures, examinations of written assertions, review of written assertions, and bank directors examinations.
Any engagement to be performed in accordance with the Public Company Accounting Oversight Board (PCAOB) Auditing Standards.
Home Office Defined: The location specified by a client of an accountant as the address of an entity for which the accountant practices public accounting, performs an attestation or compilation, or performs other professional services within the practice of public accounting.
OUT OF STATE INFORMATION
An out of state firm or sole practitioner that does not have an office in Nevada may utilize the CPA designation and perform the following services WITHOUT registering with the Board:
Practice of Public Accounting (No Attest) – Defined as the offering to perform or the performance by a holder of a live permit, for a client or potential client, of one or more services involving the use of skills in accounting or auditing, one or more services relating to advising or consulting with clients on matters relating to management or the preparation of tax returns and the furnishing of advice on matters relating to taxes.
Compilation Services – Defined as the presentation, in the form of financial statements prepared in accordance with the Statements on Standards for Accounting & Review Services (SSARS) published by the AICPA, of information that is a representation by the owner or management of an entity without undertaking to state or imply assurance of the reliability of the information.
The out of state firm or sole practitioner can perform the above services without registering if:
The Firm – (defined as a Corporation, Partnership, Limited Liability Company (LLC) or Sole Practitioner) is comprised of CPAs in any state that own a simple majority, in terms of financial interests and voting rights, and complies with the provisions of NRS 628.325 subsection 5 for Non-CPA ownership;
The individual person that is granted practice privileges in Nevada practices such public accounting or performs such compilation services or other professional services within the practice of public accounting (other than attest services) for the client having his home office in Nevada; and
The firm can lawfully perform public accounting, compilation services or other professional services within the practice of public accounting in the state where the principal place of
business of the individual person granted practice privileges is located.
An Out of State Registration form must be submitted along with the registration fee of $200. You may submit the registration through the Board’s on-line application or download the form and send by fax or mail.
The registration will be good for the remainder of the calendar year in which the application was made. At the end of the calendar year, renewal information will be emailed. You will have the choice to renew your registration if your firm is continuing to provide attest services for a client with its home office in Nevada or discontinue registration in Nevada. Your registration does not automatically lapse if you do not renew. You must affirmatively inform the Board of the discontinuation of the registration in Nevada and represent you are no longer performing attest services in Nevada.
TEMPORARY PERMITS - NO LONGER AVAILABLE
Temporary Permit laws are no longer applicable and have been replaced with the Practice Privilege (mobility) provisions.