Waiver of examination and waiver of requirements for education or experience for person holding certificate as certified public accountant from other state or country.
1. The Board may waive the examination, the requirements for education or the requirements for experience, or any combination thereof, required under NRS 628.190, and may issue a certificate as a certified public accountant to any person who is the holder of a certificate as a certified public accountant then in effect issued under the laws of any state or other jurisdiction of the United States approved by the Board, constituting a recognized qualification for the practice of public accounting comparable to that of a certified public accountant of this state, if:
(a) The person has passed an examination that is substantially the same as the examination conducted pursuant to NRS 628.230 with a grade that would have been a passing grade in this state on the date on which he received his original certificate;
(b) The person has experience in the practice of public accountancy, either as a certified public accountant or as a staff accountant employed by or under the direct supervision of a person who is a certified public accountant, while holding a certificate as a certified public accountant for more than 4 of the 10 years immediately preceding his making application pursuant to this chapter; and
(c) The requirements for education of the state or other jurisdiction from which the person received his original certificate are determined by the Board to satisfy the requirements for education of this state.
2. The Board may waive the examination, the requirements for education or the requirements for experience, or any combination thereof, under NRS 628.190, and may issue a certificate as a certified public accountant to any person who is the holder of an equivalent certificate then in effect issued by a foreign country if:
(a) Persons who are certified as public accountants in this state are granted similar privileges by the foreign country in which the applicant is certified;
(b) The applicant’s certificate:
(1) Was issued by the appropriate authority that regulates the practice of public accountancy in the foreign country in which the certificate was issued;
(2) Has not expired or been revoked or suspended; and
(3) Authorizes the applicant to issue reports upon financial statements;
(c) The requirements for education and examination of the regulatory authority of the foreign country were substantially equivalent to the requirements for education and examination of this state on the date on which the applicant received his certificate;
(d) The applicant:
(1) Complied with requirements for experience in the foreign country in which the certificate was issued that are substantially equivalent to the requirements set forth in NRS 628.200; or
(2) Has completed in this state at least 4 years of public accounting experience, or equivalent experience determined to be appropriate by the Board, within the 10 years immediately preceding his making application for certification in this state;
(e) The applicant has passed a written examination on national standards for public accounting and ethics that is acceptable to the Board; and
(f) The applicant submits with his application a list of all jurisdictions in which he has applied for and received a certificate to practice public accounting.
3. A person who is granted a certificate as a certified public accountant pursuant to subsection 2 shall notify the Board, in writing, within 30 days after:
(a) He is issued an equivalent certificate to practice public accounting by another jurisdiction or is denied the issuance of such a certificate;
(b) A certificate to practice public accounting issued to him by another jurisdiction is revoked or suspended; or
(c) Another jurisdiction in which he is certified to practice public accounting commences any type of disciplinary action against him.
Last modified: February 27, 2006