Nevada Administrative Code
Chapter 628 - Accountants
PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING
Section 628.560 - "Practice-monitoring findings" defined

Universal Citation: NV Admin Code 628.560

Current through December 12, 2024

"Practice-monitoring documents" means the documents, determinations and reports developed as the result of an evaluation of a practitioner conducted pursuant to a practice-monitoring program, including, without limitation:

1. An enrollment letter which contains the date on which the peer review report of the practitioner must be submitted to the sponsoring organization;

2. A peer review report;

3. A letter of comment;

4. A letter of response;

5. A letter of acceptance;

6. A letter of completion; and

7. Any other document, report or determination developed as a result of the evaluation of a practitioner conducted pursuant to a practice-monitoring program, including, without limitation, a document which contains:

(a) The date on which the most recent practice-monitoring program enrollment or reenrollment letter was issued.

(b) An affirmation that no audit, review, full disclosure compilation or attestation report was issued by the practitioner in the immediately preceding 12 months.

(c) A date by which any outstanding corrective action prescribed by a report acceptance body must be completed by the practitioner.

(d) A date relating to the completion of an evaluation, including, without limitation:
(1) The date on which a peer review was scheduled.

(2) The estimated dates on which a peer review will be conducted.

(3) The estimated date by which the sponsoring organization will present the peer review report to a report acceptance body.

(4) The revised date on which the practitioner must submit practice-monitoring documents to the sponsoring organization, if an extension has been granted.

Added to NAC by Bd. of Accountancy by R056-05, 11-17-2005, eff. 1-1-2008; A by R068-17AP, eff. 5/16/2018; A by R034-23A, eff. 12/15/2023

NRS 628.120, 628.160, 628.386

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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