Statutes, codes, and regulations
Nevada Administrative Code
Chapter 116B - Condominium HotelsMANAGEMENT OF CONDOMINIUM HOTELS
Unit Owners' Associations
Section 116B.160 - Adoption by reference of reporting principles and practices of financial accounting

Nev. Admin. Code § 116B.160

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Current through November 8, 2024
Section 116B.160 - Adoption by reference of reporting principles and practices of financial accounting

The standards and format to be followed in preparing and presenting the financial statements of an association or a hotel unit owner must be in accordance with generally accepted accounting principles (GAAP) and as set forth in section 972 of the Accounting Standards Codification maintained by the Financial Accounting Standards Board.

Nev. Admin. Code § 116B.160

Added to NAC by Comm'n for Common-Interest Communities & Condo. Hotels by R186-07, eff. 5-5-2011; A by R129-21A, eff. 12/29/2022

NRS 116B.805