AB510

Existing law provides for the regulation of accountants in this State by the Nevada State Board of Accountancy. (Chapter 628 of NRS) Existing law sets forth certain requirements relating to the education and work experience required for a person to be issued a certificate of certified public accountant. (NRS 628.200) Section 2 of this bill eliminates those requirements and instead requires the Board to prescribe by regulation the requirements and standards for education and work experience which the Board deems appropriate for the issuance of a certificate of certified public accountant. Section 2 sets forth certain requirements for those regulations. Section 5 of this bill makes a conforming change to reflect the elimination of the requirements for education and work experience in section 2 and the authority of the Board to adopt such requirements by regulation. With certain exceptions, existing law requires the Board to grant a certificate of certified public accountant to a person who satisfies certain requirements for education, work experience and passing an examination as set forth in statute. (NRS 628.190) Section 1 of this bill revises these provisions to require the Board, with certain exceptions, to grant such a certificate to a person who: (1) complies with the requirements and standards of education and work experience prescribed in regulations adopted by the Board; and (2) has passed all sections of the examination prescribed by the Board in accordance with the t