Peer Review Req. - Welcome to the Nevada State Board of Accountancy


Account Login



License Renewal


Forms & Applications


Code of Professional Conduct






(enter last name or firm name)

The Nevada State Board of Accountancy recently passed regulations that will now require licensees that perform audit, review, full disclosure compilation or other attestation services to engage in a practice monitoring program (Peer Review) to ensure that he or she is maintaining the standards of the profession. The following information is provided to you so that you can begin preparation to transition into the new requirement.

>> enter name here

PEER REVIEW PROCEDURES Understanding the Difference - Board vs. Society

Contact Information Board Member & Staff Info Meeting Schedule & Minutes

The Nevada State Board of Accountancy (Board) is the licensing agency that regulates the license to practice and utilize the CPA designation. The Board requires that you submit peer review information to maintain your license in Nevada.

Newsletter Archive

The Nevada Society of CPAs (Society) is the professional membership organization to which CPAs may choose to belong. The Society is the Peer Review administering agency for Nevada.


The following is a summary of the steps involved for licensees new to the peer review process.

Financial Report

Proposed Regulation NEW

CPA Exam Instructions CPA Exam Scores CPA Exam Application Re-Print Your NTS NEW NASBA Payment Coupon Candidate Exam Tips 150 Hour Education Req. Foreign Evaluation Providers CPA Exam Guide Exam Score Timeline FAQ Next Version Exam Info NEW

License Application Status

Step 1: Enroll with Peer Review Administering Agency If Licensee is a Member of the AICPA Licensee must complete the AICPA enrollment form and return the form to the State Society Administering Program. If Licensee is NOT a Member of the AICPA Licensee must complete the Society enrollment form and return the form to the State Society Administering Program Nevada Society of CPAs contact information: Kary Arnold Peer Review Coordinator 6490 S McCarran Blvd, D1 Ste 28 Reno NV 89509 (775) 826-6800 [email protected]

Licensing & Certification Req. Firm Registration Practice Privilege Fingerprinting

Licensees must complete the enrollment form (based on the above membership type) and submit to the appropriate agency. Once the agency has reviewed and processed the enrollment form, the licensee will receive an Enrollment Letter or Notice of Date of Initial Peer Review. This letter identifies the date by which the peer review must be completed. Step 2: Year in Review

Account Login CPE Audit License Renewal Continuing Education Req.

The Peer Review Due Date is based on 18 months (1 ½ years) from the date of the enrollment or the licensee's first engagement. For Example:

Peer Review Req. Online Peer Review Ethics Requirement

Enrollment Date = August 19, 2008 Due Date = February 28, 2010

The 18 months is based on the following timeline to allow a year to pass in which the licensee will be under review then 6 months following the year of review for actual peer review and report approval process For Example:

Year of Review = September 1, 2008 - August 31, 2009 Peer Review Scheduled & Conducted after September 1, 2009 Peer Review Approval Process

Forms & Applications Contractors Board Affidavit Marijuana Industry


Practice Continuation Resource

Step 3: Background Information Required

Related Websites State of Nevada Website Privacy Policy

6 - 9 months prior to the peer review due date, the administering agency will send the licensee a background form titled "Information Required for Scheduling Reviews". This form must be completed and returned to the administering agency within 30 days. Delays often occur when the licensee does not return the background form by the deadline date. Due process letters are sometimes sent to the licensee by the administering agency to assure completion of the required form. For Example:

Due Date = February 28, 2010 Background Form Sent to Licensee = July / August 2009

Step 4: Schedule Peer Review The licensee can schedule their peer review anytime after their year in review has completed (e.g. September 1, 2008) from the AICPA and State Society list of individual reviewers. A list of reviewers can be obtained by visiting the AICPA website at - Professional resources>peer review>aicpa peer review program>reviewer search It is noted that Nevada currently has seven approved reviewers. In the event a licensee does not wish to select a reviewer from Nevada, the licensee can choose another reviewer from out of state. Step 5: Peer Review Conducted - Approval Process Once the peer review has been conducted by one of the approved reviewers, a report is made by the reviewer and submitted to the administering agency. The report is then sent to a Technical Reviewer for their review of the report (note Nevada has two technical reviewers). The report is then returned to the administering agency. The administering agency then sends the report for additional review/approval to committee members of the Review Approval Board (RAB). Each committee member is assigned specific reviews based on their area of expertise. Three members look at each consent review and the non-consents are assigned to specific members to present individually during the RAB meeting. The committee member(s) will then recommend or concur with the peer reviewer the additional course of action the licensee must follow if deficiencies were found in the peer review. Course of action can include a concurrent year peer review, continuing education, updated library reference material, modifications to correspondence, post or pre-issuance review of reports prior to client release, and any other recommendation to resolve the issue identified. The RAB meetings are generally held 4-5 times per year. Once the report has received final approval the Letter of Acceptance is sent to the licensee by the administering agency.

©2018 Nevada State Board of Accountancy - Ph: 775-786-0231

Disclaimer | Complaints | Privacy Policy | Contact Information


Peer Review Req. - Welcome to the Nevada State Board of Accountancy

Account Login Home | License Renewal | Forms & Applications | Code of Professional Conduct | Statutes | Regulations PEER REVIEW REQUIRED ...

88KB Sizes 3 Downloads 14 Views

Recommend Documents

THE BLUE BOOK - Nevada State Contractors Board
d of Landscape Architecture. Nevada State Contract e Contract e Contractors Board. Nevada State Fire Mar e Fire Mar e Fi

July - Washington State Board of Accountancy
Jul 28, 2017 - our profession stands on the shoreline with all the others. ... FUN FACTS: As of May 31, 2017. Washington

[Effective through November 26, 2018, and after that date unless the provisions of Senate Joint Resolution No. ...... Th

Division of Purchasing - Nevada State Purchasing - State of Nevada
Sep 17, 2015 - cost of the Seed to Sale Inventory Tracking and Management System and use of that system by. MMEs. The pr

1862-MSC-Contract - Nevada State Purchasing - State of Nevada
costs, arising out of any alleged negligent or willful acts or omissions of Contractor, its officers, employees and agen

Nevada State Board of Examiners for Alcohol, Drug and Gambling
Nevada Board of Alcohol, Drug & Gambling Counselors.

peer-review article - NC State University
Jul 15, 2015 - 2002; Balázs et al. 2006). Additionally, the extracts and essential oils from the flowers of C. spinosum


association list1 - Nevada Division of Insurance - State of Nevada
Apr 1, 2013 - 5/1/1999. M & R CONSTRUCTION CORP. 6/1/1999. CARSON HOME IMPROVEMENTS INC. 8/1/1999 ..... INC. 8/1/2008. K

water words - Nevada Division of Water Resources - State of Nevada
Safe Yield — (1) The rate at which water can be withdrawn from supply, source, or an aquifer over a period of years ..