Nevada Administrative Code
Chapter 354 - Local Financial Administration
AUDITS
Section 354.712 - Adoption by reference of Government Auditing Standards; "generally accepted auditing standards in the United States" interpreted

1. For the purposes of NRS NRS 354.624, the Committee interprets the phrase "generally accepted auditing standards in the United States" to mean the Government Auditing Standards adopted by reference pursuant to subsection 2. Each annual audit required pursuant to NRS NRS 354.624 must be conducted, and any audit report, report on internal accounting control or other report issued by the auditor relating to that audit must be prepared in accordance with the Government Auditing Standards.

2. The Committee hereby adopts by reference the Government Auditing Standards, July 2007 Revision, and any subsequent revision to the Standards issued by the Comptroller General of the United States that has been approved by the Committee for use in this State. Each revision of the Standards shall be deemed approved by the Committee unless the Committee files an objection to the revision with the Office of the Secretary of State within 60 days after the date of publication of the revision. The Standards may be obtained from the Superintendent of Documents, United States Government Printing Office, P. O. Box 979050, St. Louis, Missouri 63197-9000, for $12.50 or at no cost on the Internet at http://www.gao.gov/govaud/ybk01.htm.