Nevada Administrative Code
Chapter 628 - Accountants
PROGRAM TO MONITOR QUALITY OF FINANCIAL REPORTING
Section 628.580 - Participation in program; submission and verification of practice-monitoring findings; exempt practitioners

1. Except as otherwise provided in subsection 4, a practitioner who performs audit, review, full disclosure compilation or attestation services shall enroll in a practicemonitoring program, which is approved by the Board, to ensure that he or she is maintaining the standards of the profession.

2. If a practitioner enrolls in a practice-monitoring program, the practitioner shall submit to the Board the practice-monitoring documents of the practice-monitoring program within 30 days of the issuance of the practicemonitoring documents. The Board may extend the deadline for the submission of practice-monitoring documents to the Board by a practitioner.

3. The Board may verify the validity of the determinations in the practice-monitoring documents submitted by the practitioner. The Board may request from the practitioner any document or information necessary to further the verification of the validity of the practicemonitoring process or findings. The failure of a practitioner to provide any document or information requested by the Board pursuant to this subsection constitutes grounds for disciplinary action.

4. A practitioner who does not perform audit, review, full disclosure compilation or attestation services shall report these facts to the Board. If a practitioner enters into an engagement to perform audit, review, full disclosure compilation or attestation services, the practitioner must notify the Board not more than 60 days after the date of entering into such engagement and must enroll in a practice-monitoring program not more than 18 months after the date upon which he or she enters into the engagement.

5. A practitioner who enrolls in a practice-monitoring program must authorize the sponsoring organization to grant the Board access to practice-monitoring documents through the Facilitated State Board Access used by the American Institute of Certified Public Accountants, or other secure national uniform system approved by the Board.